Day Trading Guide

June 14, 2011: 

DLF

 

Initiate fresh short position if the stock reverses down from Rs 235 levels with stiff stop-loss. 

ICICI Bank 

 

Fresh long position is recommended only if the counter advances beyond Rs 1,050 levels with tight stop-loss.

Infosys

 

Utilise dips to buy the stock with tight stop-loss at Rs 2,858 levels. 

L&T

 

We recommend a buy in the stock with stiff stop-loss at Rs 1,690 levels. 

ONGC

 

Make use of dips to buy the stock while maintaining tight stop-loss at Rs 264 levels. 

Reliance Industries

 

As long as RIL trades below Rs 940, the near-term stance stays bearish. Fresh short position can be initiated

if RIL fails to move above Rs 940 with tight stop-loss.

 

SBI

 

Initiate fresh long position if the counter reverses up from Rs 2,200 levels while maintaining stiff stop-loss.

Tata Motors

 

Fresh long position can be initiated if Tata Motors bounces up from Rs 1,000 levels with fixed stop-loss. 

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Tata Steel

  

We reiterate our sell recommendation in the stock with tight stop-loss at Rs 570 levels. 

Nifty Futures

 

Initiate fresh long position only if Nifty Futures surges above 5,550 levels with stiff stop-loss