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11/29/10

DAY TRADING TIPS FOR 29.11.2010

DLF

The stock is experiencing buying interest at lower levels. Utilise dips to buy the stock with tight stop-loss at Rs 280 levels.

ICICI Bank

Fresh long position can be initiated if ICICI Bank bounces up for Rs 1105, with tight stop-loss.

Infosys

As long as the stock hovers above Rs 3022, the near-term outlook stays bullish. We recommend a buy in the stock with fixed stop-loss at Rs 3022 levels.

L&T

Fresh short position is recommended only if the stock dives below Rs 1920 levels with stiff stop-loss.

ONGC

We recommend a buy in the stock with tight stop-loss at Rs 1219 levels.

Reliance Capital

Make use of dips to buy the counter with fixed stop-loss at Rs 623 levels.

Reliance Communications

The stock is testing key long-term support level. Initiate fresh long position only if Reliance Communications jumps beyond Rs 133 levels with rigid stop-loss.

Reliance Industries

Fresh short position can be initiated only if RIL slips below Rs 947 levels with stiff stop-loss.

SBI

Initiate fresh long position if the stock surges above Rs 2880 with tight stop-loss.

Nifty Futures

Fresh long position is recommended only if Nifty futures advances above 5822 levels with stiff stop-loss.

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