Comments
DLF
The stock surged 4.6 per cent with good volumes on Friday. We recommend a buy in the stock with stiff stop-loss at Rs 215 levels.
ICICI Bank
Fresh long position is recommended only if the stock climbs beyond Rs 1107 levels with stiff stop-loss.
Infosys
The near-term outlook is bullish for the stock. We recommend a buy in the stock with fixed stop-loss at Rs 2915 levels with tight stop-loss.
L&T
Initiate fresh short position if the counter reverses down from Rs 1822 levels with tight stop-loss.
ONGC
We recommend a sell in the stock with stiff stop-loss at Rs 280 levels.
Reliance Industries
RIL tumbled 4 per cent with above average volume on Friday, forming a bearish engulfing candlestick pattern. We recommend a sell in the stock with tight stop-loss at Rs 875 levels.
SBI
As long as SBI trades above Rs 2400, the near-term stance stays positive. Make use of dips to buy the stock while maintaining fixed stop-loss at Rs 2400 levels.
Tata Motors
Initiate fresh short position if the stock dives below Rs 980 levels with tight stop-loss.
Tata Steel
Fresh short position can be initiated if the stock fails to move beyond Rs 609 levels with stiff stop-loss.
Nifty Futures
Initiate fresh short position only if Nifty futures dives below 5590 levels with tight stop-loss.
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