DAY TRADING TIPS FOR 5.12.2010

DLF

Make use of rallies to sell the stock with tight stop-loss at Rs 312 levels.

ICICI Bank

Fresh short position can be initiated only if the stock falls below Rs 1,168 levels with fixed stop-loss.

Infosys

Make use of dips to buy the stock while maintaining tight stop-loss at Rs 3,105 levels.

L&T

We recommend a buy in the stock with stiff stop-loss at Rs 2,000 levels.

ONGC

Initiate fresh long position if the stock bounces up from Rs 1,302 with tight stop-loss.

Reliance Capital

Fresh long position is recommended only if the stock climbs above Rs 719 levels with rigid stop-loss.

Reliance Communications

Initiate fresh short position if Reliance Communications dives below Rs 137 levels with stiff stop-loss.

Reliance Industries

As long as RIL hovers above Rs 992, the near-term stance stays positive. We recommend a buy in the stock with tight stop-loss at Rs 992 levels.

SBI

Initiate fresh long position if the counter jumps above Rs 3,093 levels with stiff stop-loss.

Nifty Futures

Fresh long position can be initiated only if Nifty Futures moves beyond 6053 levels with tight stop-loss.