Day Trading Guide

DLF: The stock is experiencing selling pressure at higher levels. We recommend a sell in the stock with fixed stop-loss at Rs 232 levels.

ICICI Bank: Initiate fresh short position with stiff stop-loss only if the stock fails to rally above Rs 1,062 levels.

Infosys: The stock gained three per cent with above average volume on Monday. Fresh long position can be initiated with stiff stop-loss if the stock reverses higher from Rs 2,585 levels.

L&T: Initiate fresh short position with tight stop-loss only if the stock slumps below Rs 1,592 levels.

ONGC: Fresh long position is recommended with stiff stop-loss if the stock jumps beyond Rs 280 levels.

Reliance Industries: RIL is moving sideways in a narrow range. Initiate fresh short position with fixed stop-loss if the stock drops below Rs 825 levels.

SBI: Fresh short position can be initiated with stiff stop-loss only if SBI declines below Rs 2,250 levels.

Tata Motors: On Monday, Tata Motors advanced 2.6 per cent accompanied by above average volume. We recommend a buy in the stock while maintaining tight stop-loss at Rs 271 levels.

Tata Steel: Initiate fresh long position with fixed stop-loss if the stock rebounds up from Rs 394 levels.

Nifty Futures: Near-term outlook stays positive as long as Nifty Futures trades above 5,707 levels for the session. Fresh long position can be initiated with tight stop-loss if Nifty Futures reverses higher from 5,707 levels.