RECOMMANDATION 09-06-2011

NIFTY
Recommendation: 5513.63
Buy at / above: 5531.64   Targets: 5547.47 - 5566.1 - 5584.76 - 5603.46
Stoploss : 5513.06
Sell at / below: 5513.06   Targets: 5497.26 - 5478.73 - 5460.24 - 5441.78
Stoploss : 5531.64     

DLF
Recommendation: 235.97
Buy at / above: 236.39   Targets: 240.12 - 244.01 - 247.93 - 251.88
Stoploss : 232.56
Sell at / below: 232.56   Targets: 228.88 - 225.11 - 221.37 - 217.67
Stoploss : 236.39 

ICICIBANK 

Recommendation:  CMP - 1046.97
Buy at / above: 1048.14   Targets: 1055.72 - 1063.85 - 1072.02 - 1080.22
Stoploss : 1040.06
Sell at / below: 1040.06   Targets: 1032.53 - 1024.51 - 1016.52 - 1008.56
Stoploss : 1048.14

INFOSYS
Recommendation: CMP 2861.40
Buy at / above: 2862.25   Targets: 2874.2 - 2887.61 - 2901.06 - 2914.54
Stoploss : 2848.89
Sell at / below: 2848.89   Targets: 2836.98 - 2823.67 - 2810.4 - 2797.16
Stoploss : 2862.25

LARSEN TUBRO
Recommendation: CMP 1726.58
Buy at / above: 1732.64   Targets: 1742.19 - 1752.63 - 1763.11 - 1773.62
Stoploss : 1722.25
Sell at / below: 1722.25   Targets: 1712.74 - 1702.41 - 1692.11 - 1681.84
Stoploss : 1732.64 

ONGC
Recommendation: 265.95
Buy at / above: 268.14   Targets: 272.11 - 276.25 - 280.42 - 284.62
Stoploss : 264.06
Sell at / below: 264.06   Targets: 260.14 - 256.12 - 252.14 - 248.18
Stoploss : 268.14

RELIANCE
Recommendation:951.48
Buy at / above: 953.26   Targets: 960.51 - 968.28 - 976.07 - 983.89
Stoploss : 945.56
Sell at / below: 945.56   Targets: 938.35 - 930.71 - 923.1 - 915.52
Stoploss : 953.26

SBIN
Recommendation:2268.88
Buy at / above: 2280.06   Targets: 2290.86 - 2302.84 - 2314.85 - 2326.89
Stoploss : 2268.14
Sell at / below: 2268.14   Targets: 2257.37 - 2245.51 - 2233.67 - 2221.87
Stoploss : 2280.06

TATA MOTORS 
Recommendation: 1019.59
Buy at / above: 1024   Targets: 1031.49 - 1039.54 - 1047.61 - 1055.72
Stoploss : 1016.01
Sell at / below: 1016.01   Targets: 1008.56 - 1000.64 - 992.74 - 984.88
Stoploss : 1024

TATA STEEL
Recommendation: 577.03
Buy at / above: 582.01   Targets: 587.76 - 593.84 - 599.94 - 606.08
Stoploss : 576
Sell at / below: 576   Targets: 570.3 - 564.34 - 558.41 - 552.52
Stoploss : 582.01

Day Trading Guide

June 9, 2011:  

DLF

 

We recommend a buy in the stock with stiff stop-loss at Rs 230 levels.

ICICI Bank 

 

Initiate fresh short position only if the stock dives below Rs 1,035 levels with tight stop-loss. 

Infosys

 

Fresh long position is recommended only if the stock moves beyond Rs 2,880 levels with stiff stop-loss. 

L&T

  

We recommend a buy in the stock with stiff stop-loss at Rs 1,708 levels. 

ONGC

 

We reiterate our sell recommendation in the counter as the near-term outlook remains negative, with tight 

stop-loss at Rs 270 levels. 

Reliance Industries

 

Initiate fresh long position only if RIL advances beyond Rs 965 levels with fixed stop-loss. 

SBI

 

Fresh short position can be initiated if SBI fails to move beyond Rs 2,280 levels with tight stop-loss. 

Tata Motors

 

The stock is experiencing buying interest at lower levels. We recommend a buy in the stock with stiff 

stop-loss at Rs 1,010 levels. 

Tata Steel

 

Initiate fresh long position if the stock rebounds from Rs 568 levels with stiff stop-loss. 

Nifty Futures

 

Nifty Futures was choppy in the last trading session. Fresh long position can be initiated if Nifty Futures jumps

above 5,560 levels with tight stop-loss.