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DLF: The stock tumbled 5.4 per cent accompanied with above average volume on Wednesday. We recommend a sell with stiff stop-loss at Rs 246 levels.
ICICI Bank: Fresh long position can be initiated only in the stock bounces up from Rs 1,000 levels with stiff stop-loss.
Infosys: The stock is currently testing significant support levels. Desist trading in the counter for the session as the near-term stance is cautious.
L&T: Initiate fresh long position only if L&T bounces up from Rs 1,635 levels with tight stop-loss.
ONGC: Fresh short position is recommended only if the stock drops below Rs 1,100 levels with rigid stop-loss.
Reliance Capital: Experiencing selling pressure the stock fell three per cent in the last trading session. We recommend a sell in it with stiff stop-loss at Rs 570 levels.
Reliance Communications: Make use of rallies to sell the counter while maintaining stiff stop-loss at Rs 130 levels.
Reliance Industries: The stock declined 1.6 per cent with above average volume, closing below the key short-term support. We recommend a sell in the stock with tight stop-loss at Rs 958 levels.
SBI: Initiate fresh short position if the stock slips below Rs 2,630 levels with tight stop-loss.
Nifty Futures: As long as Nifty Futures trades below 5,654, the near-term stance stays bearish. We recommend a sell in it with stiff stop-loss at 5,654 levels.
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