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DLF
On Wednesday, DLF jumped four per cent and it near-term stance is bullish. Make use of dips to buy the stock while maintaining tight stop-loss at Rs 235 levels.
ICICI Bank
Fresh long position can be initiated with tight stop-loss if the stock advances above Rs 916 levels.
Infosys
We recommend a buy in the stock with stiff stop-loss at Rs 2,705 levels.
L&T
The stock jumped 3.7 per cent in the last trading session. Fresh long position can be initiated with fixed stop-loss if the stock exceeds above Rs 1,414 levels.
ONGC
Initiate fresh long position with stiff stop-loss if the stock bounces up from Rs 266 levels.
Reliance Industries
Fresh long position is recommended with tight stop-loss only if RIL moves beyond Rs 854 levels.
SBI
Make us of dips to buy the counter while maintaining tight stop-loss at Rs 1,900 levels.
Tata Motors
The near-term outlook is bullish for the stock. We recommend a buy in it with fixed stop-loss at Rs 184 levels.
Tata Steel
Fresh long position can be initiated with stiff stop-loss if the stock climbs above Rs 439 levels.
Nifty Futures
On Wednesday, Nifty Futures rose 104 points or two per cent witnessing buying interest. As long as it trades above 5100, its near-term stance stays positive. We recommend a buy in Nifty Futures with tight stop-loss at 5,100 levels.
Note: In a buy recommendation, the resistances would be the targets and the nearest support would be the stop loss; In a sell recommendation, the supports would be the targets and the nearest resistance would be the stop loss; The recommendation would be valid for today’s trading only.
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