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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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