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DLF
Experiencing selling pressure DLF fell 1.8 per cent on Friday. Fresh short position can be initiated if the stock slips below Rs 226 levels with tight stop-loss.
ICICI Bank
Fresh short position can be initiated if the stock fails to move beyond Rs 1050 levels with stiff stop-loss.
Infosys
We recommend a buy in Infosys with stiff stop-loss at Rs 2843 levels.
L&T
Initiate fresh long position if the counter reverses higher from Rs 1679 levels with tight stop-loss.
ONGC
Initiate fresh long position if ONGC advances beyond Rs 270 levels with stiff stop-loss.
Reliance Industries
Fresh short position can be initiated of the stock dives below Rs 932 levels with stiff stop-loss.
SBI
Initiate fresh long position only if SBI rebounds from Rs 2220 levels with tight stop-loss.
Tata Motors
Utilise dips to buy the stock while maintaining fixed stop-loss at Rs 1010 levels.
Tata Steel
The near-term outlook is bearish for the stock. Make use of rallies to sell the stock with tight stop-loss at Rs 577 levels.
Nifty Futures
Fresh short position can be initiated if Nifty futures declines below 5450 levels with stiff stop-loss.
The analysis and opinion expressed in these columns are based on the technical analysis of the past price behaviour. The stop-loss level provided with the recommendation is important. The original view would stand negated if the stop-loss level is breached. There is a risk of loss in trading.
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