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11/10/10

DAY TRADING TIPS FOR 10.11.2010

DLF: Initiate fresh long position only if DLF climbs above Rs 368 levels with stiff stop-loss.

ICICI Bank: Desist trading in the stock as the near-term stance is cautious.

Infosys: Fresh long position is recommended only if the stock surges above Rs 3,070 levels with fixed stop-loss.

L&T: Make use of dips to buy the stock with stiff stop-loss at Rs 2,160 levels.

ONGC: Utilise rallies to sell the stock while maintaining stiff stop-loss at Rs 1,350 levels.

Reliance Capital: We recommend a sell in the counter with rigid stop-loss at Rs 838 level.

Reliance Communications: Fresh long position can be initiated only if the counter moves above Rs 182 with tight stop-loss.

Reliance Industries: Initiate fresh short position only if RIL slips below Rs 1,094 levels with stiff stop-loss.

SBI: The stock tumbled 4.4 per cent with heavy volume on Tuesday. We recommend sell with tight stop at Rs 3,300 levels.

Nifty Futures: As long as Nifty Futures trades above 6,297 level, the near-term stance is bullish. We recommend a buy with tight stop-loss at 6,297 levels.



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