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Friday, February 4, 2011

Intraday Ttading Advice for 4th feb


DLF:
The stock jumped seven per cent accompanied with extra-ordinary volumes on Thursday. We recommend a buy in the stock with tight stop-loss at Rs 237 levels.

ICICI Bank: Initiate fresh long position if the stock advances beyond Rs 1,043 levels with stiff stop-loss.

Infosys: Fresh long position is recommended only if the stock surges above Rs 3,130 levels with stiff stop-loss.

L&T: In the last trading session, the stock gained 3.7 per cent with above average volumes. Make use of dips to buy the stock while maintaining stiff stop-loss at Rs 1,610 levels.

ONGC: The stock continues to test its key resistance. Fresh long position can be initiated only if the stock climbs above Rs 1,210 levels with rigid stop-loss.

Reliance Capital: Initiate fresh long position only if Reliance Capital jumps above Rs 520 levels with tight stop-loss.

Reliance Communications: Fresh long position can be initiated if the stock bounces up from Rs 116 with fixed stop-loss.

Reliance Industries: The stock advanced two per cent with above average volumes on Thursday. Utilise dips to buy the stock with stiff stop-loss at Rs 930 levels.

SBI: We recommend a buy in the counter with tight stop-loss at Rs 2,620 levels.

Nifty Futures: Fresh long position can be initiated if Nifty Futures moves above 5,580 levels with stiff stop-loss.

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