DLF: We recommend a buy in the stock while retaining stiff stop-loss at Rs 208.

ICICI Bank: Fresh long position can be initiated with stiff stop-loss if the stock reverses higher from Rs 940.

Infosys: Fresh long position is recommended with tight stop-loss only if the stock climbs above Rs 2230.

L&T: Initiate fresh long position with fixed stop-loss if the stock rebounds up from Rs 1390.

ONGC: Make use of rallies to sell the stock while maintaining stiff stop-loss at Rs 283.

Reliance Industries: Gaining bullish momentum, RIL jumped 5.7 per cent with extraordinary volume on Monday. We restate our buy recommendation in the stock with stop-loss at Rs 775.

SBI: Initiate fresh long position with fixed stop-loss only if the stock jumps beyond Rs 2,040.

Tata Motors: The stock advanced 3.5 per cent breaching its 21-day moving average in last trading session. Near-term outlook is positive. We re-affirm our buy recommendation in the stock with tight stop-loss at Rs 226.

Tata Steel: Fresh long position can be initiated with stiff stop-loss only if the stock rallies above Rs 409.

Nifty Futures: On Monday, Nifty Futures jumped 55 points with an upward gap, witnessing buying interest. As long as it trades above 5250, its near-term stance remains bullish. We recommend a buy with stop-loss at 5250.

(The recommendations are based on technical analysis. There is a risk of loss in trading)

(This article was published on August 6, 2012)
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