Comments
DLF - Make use of rallies to sell the stock with stiff stop-loss at Rs 253.
ICICI Bank - Fresh short position can be initiated if the stock fails to move beyond Rs 1045 with rigid stop-loss.
Infosys - Initiate fresh long position only if the stock bounces up from Rs 3082 levels with tight stop-loss
L&T - The stock increased 6.7 per cent with good volume on Monday. We recommend a buy with stop at Rs 1629 levels.
ONGC - Avoid trading in the counter as the near-term stance is cautious.
Reliance Industries - Initiate fresh long position if RIL bounces up from Rs 900 with stiff stop-loss.
SBI - Fresh long position can be initiated if SBI moves above Rs 2712 levels with fixed stop-loss.
Tata Motors - In line with our expectation, the stock advanced in the last trading session. It gained 5.6 with above average volume. Near-term outlook remains bullish as long as it trades above Rs 1188. We re-affirm our buy recommendation with tight stop at Rs 1188.
Tata Steel - The stock jumped 4 per cent taking support from its key base. Fresh long position can be initiated if it climbs above Rs 626 with tight stop-loss.
Nifty Futures - Nifty Futures surged 2.6 per cent on Monday. As long as it hovers above 5411, the near-term stance stays positive. We recommend a buy with stiff stop-loss at 5411 levels.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.