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1/17/11

DAY TRADING TIPS FOR 17.1.2011

DLF

Fresh short position is recommended only if DLF drops below Rs 253 levels with tight stop-loss.

ICICI Bank

Initiate fresh short position if the stock declines below Rs 1000 with stiff stop-oss.

Infosys

As long as the stock trades below Rs 3,225 levels, the near-term stance remains bearish for the stock. We recommend a sell in the stock with stiff stop-loss at Rs 3,225 levels.

L&T

Fresh long position can be initiated only if the counter moves beyond Rs 1,725 levels with tight stop-loss.

ONGC

Make use of rallies to sell the stock with rigid stop-loss at Rs 1,195 levels.

Reliance Capital

The near-term stance is bearish for the stock. We recommend a sell in the stock with tight stop-loss at Rs 625 levels.

Reliance Communications

Initiate fresh short position if the stock fails to move beyond Rs 140 levels with stiff stop-loss.

Reliance Industries

Fresh short position is recommended only if RIL dives below Rs 986 with tight stop-loss.

SBI

The stock declined 2 per cent on Friday. The near-term outlook stays negative as long as it hovers below Rs 2,530. We recommend a sell with tight stop-loss at Rs 2,530 levels.

Nifty Futures

Fresh short position can be initiated only if Nifty futures reverses from 5,690 levels with stiff stop-loss.

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