DLF: Fresh short position can be initiated with stiff stop-loss if DLF drops below Rs 232 levels.

ICICI Bank: Initiate fresh long position with tight stop-loss only if the stock rallies above Rs 1,195 levels.

Infosys: We restate our buy recommendation in the stock with stiff stop-loss at Rs 2,355 levels.

L&T: On Monday, L&T fell 2 per cent accompanied by above average volumes. We recommend a sell in the stock while retaining fixed stop-loss at Rs 1,610 levels.

ONGC: The stock is testing key resistance and its daily indicators are indicating overbought levels signalling a near-term correction. We recommend a sell in the stock while maintaining tight stop-loss at Rs 290 levels.

Reliance Industries: The stock is witnessing selling pressure at higher levels. Fresh short position can be initiated with stiff stop-loss if the stock reverses down from Rs 864 levels.

SBI: Initiate fresh long position with tight stop-loss only if SBI jumps beyond Rs 2,484 levels.

Tata Motors: Fresh short position is recommended with stiff stop-loss if the stock declines below Rs 310 levels.

Tata Steel: Make use of dips to buy the stock while maintaining fixed stop-loss at Rs 435 levels.

Nifty Futures: Initiate fresh short position with tight stop-loss only if Nifty Futures fails to rally beyond 6,058 levels.

(This article was published on January 7, 2013)
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