DLF: On Wednesday, the stock fell 3 per cent breaching its 21-day moving average. We recommend a sell in the stock with tight stop-loss at Rs 262 levels.
ICICI Bank: Initiate fresh long position with stiff stop-loss only if the stock jumps beyond Rs 1,155 levels.
Infosys: Fresh long position is recommended with stiff stop-loss only if Infosys rallies above Rs 2,810 levels.
L&T: The near-term outlook remains bearish as long as L&T trades below Rs 1,495 levels. Make use of rallies to sell the stock while maintaining stop-loss at Rs 1,495 levels.
ONGC: Fresh short position can be initiated with tight stop-loss only if the stock drops below Rs 320 levels.
Reliance Industries: Initiate fresh long position with fixed stop-loss if RIL moves above Rs 888 levels.
SBI: We recommend a sell in the stock while maintaining tight stop-loss at Rs 2,275 levels.
Tata Motors: Fresh long position can be initiated with stiff stop-loss if the stock advances above Rs 308 levels.
Tata Steel: On Wednesday, The stock fell 2 per cent accompanied by above average volume, reinforcing bearish momentum. Make use of rallies to sell the stock while maintaining stop-loss at Rs 381.
Nifty Futures: Initiate fresh short position with tight stop-loss if Nifty Futures fails to rally above 5,984 levels.
Keywords: Stocks, Nifty, Futures, Recommendations, Technical analysis
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