DLF: Fresh short position can be initiated with stiff stop-loss if the stock reverses down from Rs 215.

ICICI Bank: Initiate fresh short position with tight stop-loss only if the stock declines below Rs 948 levels.

Infosys: With above average volumes, the stock advanced one per cent in the previous trading session. We restate our buy recommendation in the stock with fixed stop-loss at Rs 2,260.

L&T: Fresh short position can be initiated with stiff stop-loss if the stock fails to move above Rs 1,417 levels.

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

Reliance Industries: The near-term outlook stays positive as long as the stock trades above Rs 778 levels. We recommend a buy in the stock while maintaining tight stop-loss at Rs 778.

SBI: Initiate fresh long position with stiff stop-loss only if the stock jumps beyond Rs 2,081 levels.

Tata Motors: The stock is experiencing selling pressure at higher levels and hovering at key resistance level. Fresh short position is recommended with tight stop-loss only if the stock dives below Rs 238 levels.

Tata Steel: Fresh long position can be initiated with stiff stop-loss only if the stock rebounds up from Rs 402.

Nifty Futures: Nifty Futures was volatile in the previous session. Fresh short position is recommended with tight stop-loss only if it declines below 5,300 levels.

(This article was published on August 8, 2012)
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