We reiterate our sell recommendation in DLF.
Utilise rallies to sell the stock while maintaining tight stop-loss at Rs 902 levels.
We recommend a sell with stop-loss at Rs 2,640.
We restate our buy recommendation in L&T as the near-term stance is positive.
Contrary to our expectations the stock moved up in the last trading session. Initiate fresh long position only if the stock surges above Rs 1,060 levels with fixed stop-loss.
We reiterate our sell recommendation in Reliance Capital with stop at Rs 688 levels.
The stock is witnessing buying interest at lower levels. Utilise dips to buy the stock with stiff stop-loss at Rs 143.
Fresh short position is recommended if RIL drops below Rs 1,005 level with stiff stop-loss.
Fresh long position can be initiated if the stock moves above Rs 2,295 with tight stop-loss.
Nifty futures experienced a volatile trading session on Tuesday and formed spinning top candlestick pattern signalling indecisiveness. Initiate fresh short position only if Nifty futures dives below 5,018 levels with tight stop-loss.
BL Research Bureau