Stocks

Day Trading Guide

Yoganand D. | Updated on May 12, 2011

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DLF: We restate our prior view of initiating fresh long position only if the stock moves beyond Rs 232 levels with fixed stop-loss.

ICICI Bank: The stock breached its 200-day moving average on Thursday by declining almost two per cent. We recommend a sell in the stock with tight stop-loss at Rs 1,068 levels.

Infosys: We recommend a sell in the stock with tight stop-loss at Rs 2,904 levels.

L&T: The stock's near-term stance continues to be bearish. We reaffirm our sell recommendation in the stock with stop-loss at Rs 1,520 levels.

ONGC: Fresh short position can be initiated if ONGC fails to exceed above Rs 305 levels with fixed stop-loss.

Reliance Industries: Initiate fresh short position if the stock slips below Rs 933 levels with tight stop-loss.

SBI: We recommend a sell in the stock with stiff stop-loss at Rs 2,662 levels.

Tata Motors: Fresh short position can be initiated only if the counter dives below Rs 1,178 levels with stiff stop-loss.

Tata Steel: Make use of rallies to sell the stock while maintaining tight stop-loss at Rs 592 levels.

Nifty Futures: The near-term outlook remains bearish as long as Nifty Futures trades below 5,523 levels. We recommend a sell in Nifty Futures with stiff stop-loss at 5,523 levels.

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Published on May 12, 2011
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