DLF: Fresh short position can be initiated with stiff stop-loss if the stock fails to move beyond Rs 213.

ICICI Bank: Initiate fresh short position with fixed stop-loss only if the stock falls below Rs 950 levels.

Infosys: The near-term outlook is bullish for the stock. Make use of dips to buy the stock while maintaining stiff stop-loss at Rs 2,330 levels.

L&T: Fresh short position can be initiated with tight stop-loss only if L&T declines below Rs 1,435 levels.

ONGC: Make use of rallies to sell the stock with tight stop-loss at Rs 284 levels.

Reliance Industries: As long as the stock trades above Rs 805, its near-term view will stay positive. We recommend a buy in the stock while retaining stiff stop-loss at Rs 805.

SBI: Fresh short position is recommended with stiff stop-loss only if the stock drops below Rs 1,877 levels.

Tata Motors: We recommend a buy in the stock while maintaining fixed stop-loss at Rs 237.

Tata Steel: Initiate fresh short position with tight stop-loss only if Tata Steel falls below Rs 390.

Nifty Futures: Nifty Futures was volatile and formed spinning top candlestick pattern on Friday, implying indecisiveness. Fresh long position is recommended with tight stop-loss, if Nifty Futures climbs above 5,425 levels.

(This article was published on August 20, 2012)
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