DLF
Fresh short position can be initiated with stiff stop-loss only if DLF dives below Rs 190 levels.
We reiterate our sell recommendation in the stock while maintaining tight stop-loss at Rs 874 levels.
Infosys
The near-term outlook is bearish for the stock. We recommend a sell in the stock with tight stop-loss at Rs 2,219 levels.
L&T
Make use of rallies to sell the stock while maintaining fixed stop-loss at Rs 1,660 levels.
ONGC
Fresh long position is recommended with stiff stop-loss only if ONGC climbs above Rs 264 levels.
Reliance Industries
Initiate fresh short position with stiff stop-loss only if the stock reverses down from Rs 818 levels.
SBI
The stock declined four per cent with good volume on Monday. We re-state our sell recommendation in the stock with tight stop-loss at Rs 1,890 levels.
Tata Motors
Initiate fresh short position with stiff stop-loss if the counter drops below Rs 142 levels.
Tata Steel
In the last trading session, the stock plunged 4.6 per cent with above average volumes. Near-term outlook is bearish for the stock. We recommend a sell in it with fixed stop-loss at Rs 460 levels.
Nifty Futures
On Monday, Nifty Futures fell 2.2 per cent breaching its 21-day moving average. Fresh short position can be initiated with tight stop-loss if Nifty Futures slips below 4,900 levels.
The analysis and opinion expressed in these columns are based on the technical analysis of the past price behaviour. The stop-loss level provided with the recommendation is important. The original view would stand negated if the stop-loss level is breached. There is a risk of loss in trading