Nifty Futures 6353

COMMENT: Fresh long position can be initiated with a fixed stop-loss if Nifty Futures rebounds up from 6300 levels.

ICICI Bank Rs 1087

COMMENT: Initiate fresh long position with a tight stop-loss only if the counter moves beyond Rs 1,100 levels.

SBI 1645

COMMENT: Initiate short position with a fixed stop-loss if the stock falls below Rs 1620 levels.

Larsen & Toubro Rs 1004

COMMENT: Initiate long position with a tight stop-loss if L&T jumps above Rs 1017 levels.

Infosys Rs 3767

COMMENT: Make use of declines to buy the stock while maintaining a fixed stop-loss at Rs 3,750 levels.

Reliance Ind Rs 872

COMMENT: Fresh long position can be initiated with a stiff stop-loss if RIL rebounds up from Rs 860 levels.

(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)

(This article was published on January 22, 2014)
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