Day Trading Guide

Yoganand D.BL Research Bureau Updated - November 20, 2017 at 07:10 PM.

BL11_DTG.eps

Nifty Futures: Nifty Futures is facing key resistance at 6,000 levels. Fresh long position can be initiated with tight stop-loss if Nifty Futures surges above 6,000 levels.

DLF: Initiate fresh long position with tight stop-loss only if DLF advance above Rs 281.

HDFC Bank: The near-term stance remains positive as long as the stock trades above Rs 650. We recommend a buy on the stock while maintaining stop-loss at Rs 650.

ICICI Bank: The stock is currently facing important resistance at Rs 1,150. Initiate fresh long position with fixed stop-loss if the stock climbs above Rs 1,150.

Infosys: Fresh short position is recommended with stiff stop-loss only if the stock declines below Rs 2,950.

ITC: The near-term outlook is bullish for the stock. Initiate fresh long position with tight stop-loss if the stock reverses higher from Rs 295.

Reliance Industries: Make use of dips to buy the stock while maintaining tight stop-loss at Rs 840.

SBI: The stock is testing key resistance level. Fresh long position is recommended with stiff stop-loss only if it rallies above Rs 2,220.

Tata Motors: Initiate fresh long position with fixed stop-loss only if Tata Motors jumps above Rs 306.

United Spirits: On Friday, the stock advanced almost 3 per cent accompanied by average volume, reinforcing bullish momentum. We recommend a buy on the stock with stiff stop-loss at Rs 1,883.

Published on March 10, 2013 16:39