Stocks

Day Trading Guide

Updated on: Mar 15, 2011
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DLF

Negating our prior view, the stock declined in the last trading session. It fell by 3 per cent. Fresh short position can be initiated if the stock fails to move beyond Rs 226 levels with stiff stop-loss.

ICICI Bank

Initiate fresh short position if ICICI bank drops below Rs 983 levels with stiff stop-loss.

Infosys

Initiate fresh long position only if the counter bounces up from Rs 3008 levels with tight stop-loss.

L&T

Make use of rallies to sell the stock with fixed stop-loss at Rs 1545 levels.

ONGC

Fresh long position is recommended only if ONGC moves beyond Rs 277 levels with fixed stop-loss.

Reliance Industries

The stock is currently facing key short-term resistance at Rs 1050. Fresh long position can be initiated if the stock surges above this level with stiff stop-loss.

SBI

The near-term stance is bearish for the stock. Initiate fresh short position if the stock slips below Rs 2543 levels with tight stop-loss.

Tata Motors

Make use of rallies to sell the counter while maintaining stiff stop-loss at Rs 1161 levels.

Tata Steel

Initiate fresh short position if the stock fails to move beyond Rs 601 levels with stiff stop-loss.

Nifty Futures

Fresh short position can be initiated if Nifty Futures dives below 5400 levels with tight stop-loss.

Published on March 15, 2011

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