In the last trading session, the stock fell 2.5 per cent with above average volume forming a bearish engulfing candlestick pattern. Initiate fresh short position with tight stop-loss if the stock slips below Rs 218 levels.


Fresh long position can be initiated if it rallies above Rs 1,144


We recommend a sell in the stock while maintaining stiff stop-loss at Rs 2,340 levels.


Initiate fresh long position only if it rallies above Rs 1,685 .


Fresh long is recommended if ONGC jumps above Rs 269.

Reliance Industries

We recommend a buy while maintaining stop-loss at Rs 825.


Initiate fresh long if the stock reverses higher from Rs 2,290.

Tata Motors

Fresh short position can be initiated if it drops below Rs 279.

Tata Steel

Initiate a fresh short if the stock fails to rally beyond Rs 400.

Nifty Futures

Fresh long position can be initiated only if Nifty futures reverses higher from 5,900 levels.

(This article was published on December 9, 2012)
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