Stocks

Day Trading Guide

Yoganand D. | Updated on December 08, 2011

DTG09

DLF

The stock slumped four per cent, breaching its 50-day moving average on Thursday. Fresh short position can be initiated with tight stop-loss if the stock fails to move above Rs 219 levels.

ICICI Bank

Make use of rallies to sell the stock while maintaining stiff stop-loss at Rs 755 levels.

Infosys

Initiate fresh long position with tight stop-loss only if the counter exceeds above Rs 2,740 levels.

L&T

Witnessing selling pressure, the stock dropped five per cent in the last trading session. Initiate fresh short position with stiff stop-loss if the stock reverses down from Rs 1,276 levels.

ONGC

Initiate fresh short position with tight stop-loss only if the counter dives below Rs 264 levels.

Reliance Industries

On Thursday, RIL declined 3.7 with above average volumes. We recommend a sell in the stock with fixed stop-loss at Rs 793 levels.

SBI

The counter retreated 3.7 per cent in the last trading session. Fresh short position can be initiated with stiff stop-loss if the counter declines below Rs 1,843 levels.

Tata Motors

Fresh long position is recommended with tight stop-loss only if Tata Motors climbs above Rs 192 levels.

Tata Steel

We recommend a sell in the stock while maintaining stop-loss at Rs 410.

Nifty Futures

Nifty Futures plunged 2.6 per cent or 129 points, breaching its 50-day moving average in the previous trading session. Fresh short position can be initiated with stiff stop-loss if Nifty Futures drops below 4,900 levels.



Published on December 08, 2011

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