Comments
DLF
Utilise dips to buy the stock while maintaining tight stop-loss at Rs 258 levels.
ICICI Bank
Initiate fresh short position only if the stock dives below Rs 1,095 levels with fixed stop-loss.
Infosys
Avoid trading in the stock for the session as the near-term stance is indecisive.
L&T
On Wednesday, the stock formed gravestone doji candlestick pattern signalling bearishness. Fresh short position can be initiated if the stock slips below Rs 1,638 levels with tight stop-loss.
ONGC
Initiate fresh short position only if the counter drops below Rs 278 levels with stiff stop-loss.
Reliance Industries
Fresh long position is recommended only if RIL climbs above Rs 1,045 levels with tight stop-loss.
SBI
SBI conclusively breached its 200-day moving average by surging three per cent with good volumes. We recommend a buy in the stock with fixed stop-loss at Rs 2,830 levels.
Tata Motors
Initiate fresh short position if the stock reverses from Rs 1,260 levels with tight stop-loss.
Tata Steel
Make use of rallies to sell the stock with stiff stop-loss at Rs 622 levels.
Nifty Futures
The near-term outlook remains positive as long as Nifty Futures trades above 5,752 levels. We recommend a buy with tight stop-loss at 5,752 levels.
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