Nifty Futures: Fresh long position can be initiated with tight stop-loss if it reveres higher from 5,890 levels.

DLF: Initiate fresh long position with tight stop-loss if DLF rebounds up from Rs 281 levels.

HDFC Bank: On Thursday, the stock gained 2 per cent accompanied by extraordinary volume. We recommend a buy in the stock with fixed stop-loss at Rs 642 levels.

ICICI Bank: Fresh long position can be initiated with tight stop-loss only if the stock rallies above Rs 1,122 levels.

Infosys: The stock was choppy and formed a doji pattern implying neutral stance. However, fresh short position can be initiated with stiff stop-loss if the stock declines below Rs 2,860 levels.

ITC: Make use of dips to buy the stock while maintaining fixed stop-loss at Rs 299 levels.

Reliance Industries: On Thursday, the stock advanced 2 per cent accompanied by above average volume. We recommend a buy on the stock with stiff stop-loss at Rs 850 levels.

SBI: The stock surged 3.5 per cent with above average volume on Thursday. Fresh long position can be initiated with tight stop-loss if the stock reveres higher from Rs 2,236 levels.

Tata Motors: Fresh long position is recommended with stiff stop-loss only if the stock rallies above Rs 304 levels.

United Spirits: Initiate fresh short position with tight stop-loss if the stock slips below Rs 1,946 levels.

(This article was published on March 14, 2013)
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