DLF: Make use of dips to buy the stock while maintaining stop-loss at Rs 214.
ICICI Bank: In the last trading session, the stock jumped two per cent with above average volume witnessing buying interest. We recommend a buy in the stock with fixed stop-loss at Rs 960.
Infosys: We recommend a buy in the stock while retaining stiff stop-loss at Rs 2,232.
L&T: Fresh short position can be initiated with tight stop-loss only if the stock reverses down from Rs 1,430.
ONGC: Initiate fresh short position with tight stop-loss if ONGC fails to rally above Rs 285.
Reliance Industries: Make use of dips to buy the stock while maintaining fixed stop-loss at Rs 775.
SBI: Fresh long position can be initiated with tight stop-loss if SBI reverses higher from Rs 2,040.
Tata Motors: On Tuesday, the stock jumped four per cent accompanied by above average volumes. We reiterate our buy recommendation on the stock while maintaining stiff stop-loss at Rs 235.
Tata Steel: Initiate fresh short position with stiff stop-loss only if the stock dives below Rs 400 levels.
Nifty Futures: Bullish momentum prevailed and Nifty Futures advanced 50 points on Tuesday. We recommend a buy in Nifty Futures with tight stop-loss at 5,300.
Keywords: Nifty, Futures, Stocks, Recommendations, Technical analysis
Comments:
Dear Mr.Editor,Will you explain why the prices table didn't appear yesterday and appears today?I specifically looked at the print edition of August 7 in the evening and there it was.As I follow Yoganand's tips in this column,supports and resistances are a must to enter and exit.Mr.Yoganand had given the first resistance for Nifty Futures at 5338 and the second one at 5395.As I could not read the first resistance at 5338,I exited at 5222,unable to wait for 5338,if not all the way to 5666,which was the highest for the day.A great loss.A Readers' Editor is long overdue.A Readers' editor would certainly have noticed a glaring mistake in Mr.Mohan Murti's last week column where it had been erroneously printed "be you never high".'be you ever so high'is the correct one. Chidambaram Kudiarasu 81/10 Muthukrishnapuram 6th Street Tuticorin628001
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