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9/7/10
Day Trading Guide for 7.9.2010 recommended by Hindu Business Line
DLF
Fresh long position can be initiated if DLF moves above Rs 323 levels with tight stop-loss.
ICICI Bank
The stock gained 3.8 per cent with good volume on Monday. We recommend a buy with rigid stop-loss at Rs 1,023 levels.
Infosys
Make use of dips to buy the stock while maintaining stop loss at Rs 2,810 levels.
L&T
Initiate fresh short position only if the stock falls below Rs 1,820 levels with tight stop-loss.
ONGC
The stock was volatile in that last trading session and formed spinning top candlestick pattern signalling indecisiveness. Avoid trading in the stock for the session.
Reliance Capital
We recommend a buy with stop-loss at Rs 779 levels.
Reliance Communications
We restate that fresh long position can be initiated only if the stock moves above Rs 165 levels with stiff stop-loss.
Reliance Industries
In the last trading session, the stock gained 3 per cent with above average volume, forming bullish engulfing candlestick pattern. We recommend a buy with stop at Rs 940 levels.
SBI
Initiate fresh long position only if the stock surges above Rs 2,878 levels with tight stop-loss.
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From: http://www.blonnet.com/2010/09/07/stories/2010090751391100.htm
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