Comments
DLF
We recommend a sell in DLF with tight stop-loss at Rs 225 levels.
ICICI Bank
Fresh short position can be initiated only if ICICI Bank dives below Rs 990 levels with fixed stop-loss.
Infosys
The near-term outlook is bearish for the stock. We recommend a sell in the stock with stiff stop-loss at Rs 2960 levels.
L&T
Initiate fresh short position only if the stock fails to move beyond Rs 1540 levels with stiff stop-loss.
ONGC
Make use of rallies to sell the counter while maintaining tight stop-loss at Rs 277 levels.
Reliance Industries
Experiencing selling pressure RIL tumbled 3.7 per cent with good volumes, breaching its 200-day moving average on Friday. Fresh short position can be initiated if the stock slips below Rs 979 levels with stiff stop-loss.
SBI
Fresh short position is recommended only if SBI drops below Rs 2562 levels with fixed stop-loss.
Tata Motors
We recommend a sell in the counter with tight stop-loss at Rs 1140 levels.
Tata Steel
Initiate fresh long position only if Tata Steel bounces up from Rs 588 levels with tight stop-loss.
Nifty Futures
Nifty futures fell 1.5 per cent breaching its 21-day moving average on Friday. Fresh short position can be initiated only if Nifty Futures fails to move beyond 5430 levels with stiff stop-loss.
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