Markets

Technicals

Yoganand D. | Updated on May 08, 2011

dtg

DLF

Initiate fresh short position if DLF reverses from Rs 224 levels with tight stop-loss.

ICICI Bank

Make use of dips to buy the stock while maintaining stiff stop-loss at Rs 1068 levels.

Infosys

Fresh short position can be initiated if the stock fails to move beyond Rs 2905 levels with tight stop-loss.

L&T

We recommend a sell in the stock with tight stop-loss at Rs 1560 levels.

ONGC

Initiate fresh long position if the stock bounces up from Rs 299 with fixed stop-loss.

Reliance Industries

Fresh short position can be initiated only if the counter drops below Rs 940 levels with stiff stop-loss.

SBI

Initiate fresh short position if the stock fails to move above Rs 2660 levels with tight stop-loss.

Tata Motors

After testing its 200-day moving average, the stock surged 5.6 per cent accompanied by good volumes on Friday. Make use of dips to buy the stock with stop-loss at Rs 1180 levels.

Tata Steel

Fresh long position is recommended only if Tata Steel moves beyond Rs 601 levels with stiff stop-loss.

Nifty Futures

Initiate fresh long position if Nifty Futures climbs above 5590 levels with tight stop-loss.



Published on May 08, 2011

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