DLF: Fresh long position can be initiated with tight stop-loss only if the stock exceeds above Rs 207 levels.

ICICI Bank: On Friday, the stock fell 2.7 per cent breaching key support at Rs 1040. Make use of rallies to sell the stock while maintaining fixed stop-loss at Rs 1038 levels.

Infosys: Experiencing buying interest, the stock advanced 2 per cent in the previous trading session. We recommend a buy in the stock with stiff stop-loss at Rs 2320 levels.

L&T: Fresh long position can be initiated with stiff stop-loss only if L&T advances above Rs 1592 levels.

ONGC: Make use of dips to buy the stock while retaining tight stop-loss at Rs 253 levels.

Reliance Industries: Initiate fresh long position with stiff stop-loss only if the stock reverses higher from key support level at Rs 675.

SBI: As long as the stock trades below Rs 2130, its near-term stance remains bearish. We recommend a sell in the stock while maintaining tight stop-loss at Rs 2130 levels.

Tata Motors: Fresh short position can be initiated with tight stop-loss if the stock drops below Rs 263 levels.

Tata Steel: The near-term outlook is negative for the stock. We reiterate our sell recommendation in the stock with stiff stop-loss at Rs 376 levels.

Nifty Futures: Nifty Futures tumbled 68 points witnessing selling pressure in last trading session. Fresh shot position can be initiated with tight stop-loss only if Nifty Futures declines below 5530 levels.

(This article was published on November 18, 2012)
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