DLF: Fresh long can be initiated with tight stop-loss if DLF rebounds from Rs 195.

ICICI Bank: On Friday, the stock jumped five per cent breaking through a resistance at Rs 860. Buy with tight stop-loss at Rs 885.

Infosys: Make use of dips to buy the stock while retaining stop-loss at Rs 2,480.

L&T: As long as the stock hovers above Rs 1,382, its near-term outlook remains positive. Buy with stop-loss at Rs 1,382.

ONGC: In the previous trading session, the stock rose 2.5 accompanied by above average volumes. Buy with stiff stop-loss at Rs 281.

Reliance Industries: Buy with stop-loss at Rs 725.

SBI: Initiate fresh long with tight stop-loss if the stock reverses higher from Rs 2,140.

Tata Motors: Fresh long position can be initiated with stiff stop-loss only if the stock rallies above Rs 246.

Tata Steel: On Friday, the stock climbed three per cent with good volumes. As long as it trades above Rs 435, its near term view stays positive. Buy with stop-loss at Rs 435.

Nifty Futures

The near-term outlook is bullish for Nifty Futures. We recommend a buy in Nifty Futures with stiff stop-loss at 5250.

(This article was published on July 1, 2012)
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