DLF: Make use of rallies to sell the stock while retaining tight stop-loss at Rs 213.

ICICI Bank: Fresh short position can be initiated with tight stop-loss if the stock fails to rally above Rs 965.

Infosys: Fresh long position is recommended with fixed stop-loss only if the stock jumps above Rs 2,300.

L&T: Near-term view stays positive as long as the stock trades above Rs 1,406. Initiate fresh long position with tight stop-loss if the stock reverses higher from Rs 1,406.

ONGC: We recommend a sell in the stock with stiff stop-loss at Rs 282.

Reliance Industries: Initiate fresh short position with fixed stop-loss only if RIL fails to move above Rs 790.

SBI: On Thursday, the stock tumbled four per cent with good volume breaking through its immediate support and 200-day moving average. As long as the stock trades below Rs 1,993, its near-term stance remains negative. Fresh short position can be initiated with stiff stop-loss if the stock declines below Rs 1,950.

Tata Motors: The stock is testing important resistance level. Fresh long position can be initiated with stiff stop-loss only if the stock climbs above Rs 243.

Tata Steel: Fresh long position is recommended with fixed stop-loss only if Tata Steel advances beyond Rs 413.

Nifty Futures: In the last trading session, Nifty Futures continued to trade sideways. Initiate fresh short position with tight stop-loss only if Nifty Futures slumps below 5,300 levels.

(This article was published on August 9, 2012)
XThese are links to The Hindu Business Line suggested by Outbrain, which may or may not be relevant to the other content on this page. You can read Outbrain's privacy and cookie policy here.