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11/8/10

DAY TRADING TIPS FOR TODAY - 08.11.2010

DLF

Fresh short position can be initiated only if the stock slips below Rs 351 with tight stop-loss.

ICICI Bank

As long as the stock trades above Rs 1255, the near-term stance remains positive. We recommend a buy with stiff stop-loss at Rs 1255 levels.

Infosys

Initiate fresh long position only if Infosys moves beyond Rs 3100 levels with tight stop-loss.

L&T

Fresh short position is recommended only if the stock dives below Rs 2150 levels with tight stop-loss.

ONGC

We recommend a buy in the stock with stop-loss at Rs 1367 levels.

Reliance Capital

Initiate fresh long position if Reliance Capital climbs above Rs 844 with rigid stop-loss.

Reliance Communications

Utilise rallies to sell the stock while maintaining stiff stop-loss at Rs 183 levels.

Reliance Industries

We recommend a buy in the stock with tight stop-loss at Rs 1090 levels.

SBI

The near-term outlook is bullish for the stock. We recommend a buy with tight stop-loss at Rs 3475 levels.

Nifty Futures

As long as Nifty future trades above 6281 levels, the near-term outlook remains bullish for the session. We recommend a buy with tight stop-loss.



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