DLF: Make use of rallies to sell the stock while maintaining tight stop-loss at Rs 221 levels.
ICICI Bank: Initiate fresh short position with stiff stop-loss if the stock fails to rally beyond Rs 1,125 levels.
Infosys: As long as Infosys trades below Rs 2,320 levels, its near-term outlook remains bearish. We restate our sell recommendation in the stock while maintaining stiff stop-loss at Rs 2,320 levels.
L&T: The stock is experiencing selling pressure at higher levels. Fresh short position can be initiated with tight stop-loss if the stock reverses down from Rs 1,660 levels.
ONGC: The near-term stance is bearish for ONGC. We recommend a sell in the stock while maintaining tight stop-loss at Rs 262 levels.
Reliance Industries: Initiate fresh long position with fixed stop-loss if RIL climbs beyond Rs 841 levels.
SBI: Fresh short position is recommended with fixed stop-loss only if SBI declines below Rs 2,280 levels.
Tata Motors: Initiate long position with stiff stop-loss only if the stock jumps above Rs 280 levels.
Tata Steel: We recommend a sell in the stock while maintaining tight stop-loss at Rs 401 levels.
Nifty Futures: We reaffirm our prior view of initiating fresh long position with tight stop-loss only if Nifty Futures advances above 5,975 levels.
Keywords: Stocks, Nifty, Futures, Recommendations, Technical analysis
Comments:
Please Email the Editor