DLF: Initiate fresh long position with stiff stop-loss only if the stock jumps above Rs 211.

ICICI Bank: The stock is moving sideways in a narrow range. Fresh long position is recommended with tight stop-loss only if it advances above Rs 973.

Infosys: Fresh short position can be initiated with tight stop-loss only if the stock dives below Rs 2,190.

L&T: The stock is facing key resistance at Rs 1,400. Fresh short position can be initiated with fixed stop-loss if it fails to rally above this resistance.

ONGC: Make use of rallies to sell the stock while maintaining tight stop-loss at Rs 279.

Reliance Industries: Fresh long position can be initiated with stiff stop-loss only if RIL jumps above Rs 747.

SBI: Initiate fresh long position with tight stop-loss if the stock reverses higher from Rs 1,990 levels.

Tata Motors: Make use of dips to buy the stock while maintaining fixed stop-loss at Rs 221.

Tata Steel: Fresh long position can be initiated with tight stop-loss if the stock rebounds up from its significant support at Rs 399.

Nifty Futures: As long as Nifty Futures trades above 5,216 levels, its near-term stance remains positive. Initiate fresh long position with tight stop-loss if Nifty Futures reverses upwards from 5,216 levels.

(This article was published on August 2, 2012)
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