DLF: Initiate fresh long position with stiff stop-loss only if DLF advances above Rs 217.

ICICI Bank: The near-term outlook is bullish for the stock. We recommend a buy in it while retaining stop-loss at Rs 930.

Infosys: Fresh short position can be initiated with tight stop-loss only if the stock reverses down from Rs 2,480.

L&T: Make use of dips to buy the stock while maintaining stiff stop-loss at Rs 1,403.

ONGC: Initiate fresh short position with fixed stop-loss if the stock slips below Rs 277.

Reliance Industries: Fresh long position can be initiated with tight stop-loss if the stock rebounds up from Rs 730.

SBI: Initiate fresh long position with stiff stop-loss only if SBI moves above its immediate resistance at Rs 2,240.

Tata Motors: On Tuesday, Tata Motors jumped 2.6 per cent accompanied by above average volumes, breaching its 21-day moving average. We recommend a buy in the stock while maintaining tight stop-loss at Rs 243.

Tata Steel: Fresh long position is recommended with fixed stop-loss only if the stock jumps above Rs 444.

Nifty Futures: Last session, Nifty Futures rallied 1.5 per cent surpassing its near-term hurdle. As long as Nifty Futures trades above 5,300, its near-term stance stays positive. We recommend a buy in it with tight stop at 5,300.

(This article was published on July 10, 2012)
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