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DLF
DLF is currently testing its near-term resistance level. Fresh long position can be initiated if the stock moves beyond Rs 254 levels with stiff stop-loss.
ICICI Bank
The near-term outlook is bullish for the stock. Make use of dips to buy the stock while maintaining tight stop-loss at Rs 1075 levels.
Infosys
Infosys jumped 5 per cent with good volume, conclusively penetrating the 200-day moving average in the last trading session. We recommend a buy in the stock with fixed stop-loss at Rs 3135 levels.
L&T
The stock climbed 3 per cent accompanied by above average volumes on Friday. We recommend a buy in the stock with stiff stop-loss at Rs 1580 levels.
ONGC
Initiate fresh long position only if ONGC advances above Rs 281 levels with stiff stop-loss.
Reliance Industries
We recommend a buy in the stock with tight stop-loss at Rs 1010 levels.
SBI
Initiate fresh short position only if the stock fails to move beyond Rs 2730 levels with fixed stop-loss.
Tata Motors
Make use of dips to buy the counter while maintaining stiff stop-loss at Rs 1167 levels.
Tata Steel
Fresh short position can be initiated if Tata Steel declines below Rs 605 with stiff stop-loss.
Nifty Futures
On Friday Nifty futures surged 2.4 per cent breaching its short-term resistance level. As long as the nifty futures hovers above 5638, the near-term stance stays positive. We recommend a buy in it with tight stop-loss.
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