The Hindu Business Line : Day Trading Guide

The stock is still testing 50-day moving average at Rs 1,224 and has formed a doji candlestick pattern in the last session (indicating neutral stance). Trader can avoid trading in this counter for the session.

Infosys

The stock is consolidating sideways between Rs 1,500 and Rs 1,600 for past two weeks. Traders should avoid trading this stock.

L&T

Sell the stock in rallies with stop-loss at Rs 3,600.

ONGC

We recommend a sell in this stock.

Reliance Capital

In line with our expectation, the stock moved above Rs 2,145 in the last session. We retain buy recommendation.

Reliance Communications

We believe that the stock’s medium-term downtrend is likely to continue further. The stock is still trading below the 200-day moving average. We retain sell recommendation.

Reliance Industries

Reliance is struggling to move above the resistance at Rs 2,600. It has also formed a grave stone doji candlestick pattern on Tuesday. We recommend a sell.

Satyam Computer

Sell the stock in rallies with stop-loss at Rs 440.

SBI

Fresh short position can be initiated if the stock declines below Rs 2,230.

TCS

Despite the stock’s up-move on Tuesday, it continues to trade below the 21-day moving average. Desist trading in the stock.

Yoganand D.

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