DLF: Fresh long position is recommended with fixed stop-loss only if the stock climbs above Rs 219.

ICICI Bank: Initiate fresh long position with tight stop-loss only if the stock moves above Rs 980.

Infosys: Near-term outlook is bullish for the stock. Make use of dips to buy the stock while retaining stiff stop-loss at Rs 2,312.

L&T: We reiterate our buy recommendation in the stock with tight stop-loss at Rs 1,438.

ONGC: Initiate fresh long position with tight stop-loss only if the stock exceeds above Rs 288.

Reliance Industries: As long as the stock trades above Rs 787, near-term view remains positive for RIL. We recommend a buy in the stock while maintaining stiff stop-loss at Rs 787.

SBI: Fresh short position is recommended with fixed stop-loss only if the stock drops below Rs 1,888 levels.

Tata Motors: Fresh long position can be initiated with tight stop-loss if the stock jumps above Rs 237.

Tata Steel: On Tuesday, Tata Steel advanced 2.6 per cent with above average volume, forming a bullish engulfing candlestick pattern. Fresh long position can be initiated with stiff stop-loss if the stock reverses higher from Rs 401.

Nifty Futures: The near-term stance is bullish for Nifty Futures. We recommend a buy in Nifty Futures with tight stop-loss at 5,365 levels.

(This article was published on August 15, 2012)
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