Comments
DLF
Fresh long position is recommended only if the stock advances beyond Rs 235 levels with stiff stop-loss.
ICICI Bank
The stock fell by two per cent, experiencing selling pressure on Wednesday. We recommend a sell in the stock with stiff stop-loss at Rs 1,086 levels.
Infosys
We re-state our buy recommendation in the stock with tight stop-loss at Rs 2,926 levels.
L&T
Make use of dips to buy the counter while maintaining tight stop-loss at Rs 1,791 levels.
ONGC
Initiate fresh long position only if ONGC bounces up from Rs 268 levels with stiff stop-loss.
Reliance Industries
Initiate fresh long position if the stock climbs above Rs 865 levels with firm stop-loss.
SBI
Fresh short position can be initiated only if SBI declines below Rs 2,420 levels with tight stop-loss.
Tata Motors
The near-term stance is positive for the counter. It advanced 1.5 per cent with above average volumes in the last trading session. We recommend a buy in the stock with fixed stop-loss at Rs 1,018 levels.
Tata Steel
We recommend a sell in the stock with stiff stop-loss at Rs 605 levels.
Nifty Futures
Nifty Futures was volatile in the last trading session and fell by 14 points from its previous close of 5,651 levels. Fresh short position can be initiated only if Nifty Futures dives below 5,600 levels with tight stop-loss.
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