Comments
DLF
Fresh long position is recommended only if DLF moves beyond Rs 248 levels with tight stop-loss.
ICICI Bank
The stock was volatile in the last trading session and formed spinning stop candlestick pattern indicating indecisiveness. Desist trading in the stock for the day.
Infosys
Fresh long position is recommended only if Infosys exceeds beyond Rs 3,150 levels with stiff stop-loss.
L&T
The stock continues testing its key support. Initiate fresh long position only if the stock surges above Rs 1,504 levels with fixed stop-loss.
ONGC
The near-term outlook is bearish for the stock. Make use of rallies to sell the stock while maintaining rigid stop-loss at Rs 282 levels.
Reliance Industries
We reiterate our prior view that fresh short position can be initiated only if RIL dives below Rs 900 levels with tight stop-loss.
SBI
We recommend a sell in the stock with stiff stop-loss at Rs 2,665 levels.
Tata Motors
The stock tumbled three per cent with above average volume on Wednesday. Fresh short position can be initiated if the stock slips below Rs 1,060 with stiff stop-loss.
Tata Steel
Tata Steel is testing key support at current levels. Initiate fresh long position if it moves above Rs 610 levels with tight stop-loss.
Nifty Futures
The near-term trend is down for Nifty futures. Initiate fresh short position if Nifty Futures slips below 5,225 levels with tight stop-loss.
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