The Hindu Business Line : Day Trading Guide

The stock is trading just above a key support level of Rs 750. Fresh short position can be initiated if the stock declines below Rs 750 with tight stop-loss.

Infosys

We recommend a sell in this counter.

L&T

In line with our anticipation, the stock declined in the last session, accompanied with above average volume. We retain our sell recommendation for the session.

ONGC

The stock was volatile in the previous trading session and it has formed a spinning top candlestick, which indicates indecisiveness. At present the outlook is cautious. Desist trading in this counter for the session.

Reliance Capital

Sell the stock in rallies with stop-loss at Rs 1,260.

Reliance Communications

Avoid initiating buy or sell positions for the day.

Reliance Industries

On Tuesday, the stock rebounded and it is testing the 200-day moving average at Rs 2,355. Fresh long position can be initiated only if the stock moves above Rs 2,375 level, with tight stop-loss.

Satyam Computer

In line with expectation, the stock reversed at Rs 405 and declined during the last session. The stock continues to trade sideways. Utilise rallies to sell the stock with stop loss at Rs 409.

SBI

We maintain our sell recommendation.

TCS

Sell the stock only if it reverses from the resistance level of Rs 864 with tight stop loss.

Yoganand D.

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