The near-term outlook is negative for the stock. We recommend a sell with stiff stop-loss at Rs 233 levels.
Initiate fresh long position only if the stock surges above Rs 1,130 levels with tight stop-loss.
Fresh short position can be initiated only if the stock dives below Rs 2,910 levels with stiff stop-loss.
Make use of rallies to sell the stock while maintaining tight stop-loss at Rs 1,679 levels.
In line with our expectations, the stock moved higher in the last trading session. We restate our buy recommendation in the stock.
The near-term view remains bearish for RIL as long as it trades below Rs 985 levels. We reiterate our sell recommendation with stiff stop-loss at Rs 985.
Fresh long position is recommended only if SBI climbs beyond Rs 2,888 levels with tight stop-loss.
Initiate fresh short position if the counter dives below Rs 1,219 levels with fixed stop-loss.
We recommend a sell in Tata Steel with tight stop-loss at Rs 620 levels.
As long as Nifty Futures trades below 5,836 levels, the near-term stance stays bearish. Initiate fresh short position if Nifty Futures fails to move above 5,836 levels with stiff stop-loss.