DLF
The stock slumped almost eight per cent penetrating a key support at around Rs 250 in the last session. We recommend a sell in the stock with stop-loss at Rs 243 levels.
ICICI Bank
Fresh short position can be initiated with tight stop-loss if the stock reverses down from Rs 967 levels.
Infosys
The near-term stance is bullish for the stock. Make use of dips to buy the stock while maintaining tight stop-loss at Rs 2,930 levels.
L&T
We recommend a sell in the stock with fixed stop-loss at Rs 1,435 levels.
ONGC
Initiate fresh long position with stiff stop-loss if the stock rebounds up from Rs 288 levels.
Reliance Industries
Fresh short position is recommended with tight stop-loss only if RIL dives below Rs 823 levels.
SBI
The stock plunged eight per cent, accompanied by above average volume, in the previous trading session. Fresh short position can be initiated with stiff stop-loss if the stock fails to move above Rs 2,280 levels.
Tata Motors
Make use of rallies to sell the stock while retaining stiff stop-loss at Rs 271 levels.
Tata Steel
On Wednesday, the counter tumbled four per cent, forming a bearish engulfing candlestick pattern. We recommend a sell in the counter while maintaining fixed stop-loss at Rs 480.
Nifty Futures
In the last trading session, Nifty Futures fell 1.9 per cent or 104 points witnessing selling pressure. Initiate fresh short position with tight stop-loss if Nifty Futures drops below 5,475 levels.
Keywords: technical analysis, Futures, Options, Stocks