DAY TRADING TIPS FOR 13.3.2011

March 13, 2011:

DLF

Make use of rallies to sell the stock with tight stop-loss at Rs 232 levels.

ICICI Bank

Initiate fresh short position if the stock reverses from Rs 1021 levels with tight stop-loss.

Infosys

Fresh long position can be initiated only if the counter moves beyond Rs 3075 levels with stiff stop-loss.

L&T

The stock is experiencing sell pressure at higher levels. Utilise rallies to sell the stock while maintaining stiff stop-loss at Rs 1565 levels.

ONGC

We recommend a buy in the stock of ONGC with fixed stop-loss at Rs 275 levels.

Reliance Industries

Make use of dips to buy the stock while maintaining tight sop-loss at Rs 976 levels.

SBI

The near-term stance is bearish for the stock. We recommend a sell in the stock with tight stop-loss at Rs 2596 levels.

Tata Motors

Fresh long position is recommended only if the counter climbs above Rs 1176 levels with tight stop-loss.

Tata Steel

Fresh short position can be initiated if the stock fails to move beyond Rs 591 with stiff stop-loss.

Nifty Futures

Initiate fresh long position only if Nifty Futures advances above 5500 levels with tight stop-loss.

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