Comments
DLF
Fresh long position can be initiated only if DLF climbs above Rs 225 levels with tight stop-loss.
ICICI Bank
Near-term stance is cautious for the stock. Avoid trading in the stock as long as it moves sideways in the band between Rs 990 and Rs 1,015 levels.
Infosys
In line with our prior view, the stock declined on Monday. However, it is hovering just above its key support level. Fresh long position can be initiated only if the stock bounces up from Rs 2,904 levels with tight stop-loss.
L&T
The near-term outlook is bearish for the stock. We recommend a sell in the stock with tight stop-loss at Rs 1,525 levels.
ONGC
Utilise rallies to sell the counter while maintaining stiff stop-loss at Rs 277 levels.
Reliance Industries
The stock is witnessing selling pressure at higher levels. Fresh short position can be initiated only if the stock fails to exceed above Rs 1,005 levels with tight stop-loss.
SBI
Initiate fresh long position only if SBI surpasses Rs 2,610 levels with fixed stop-loss.
Tata Motors
We reiterate our sell recommendation in the stock with stiff stop-loss at Rs 1,140 levels.
Tata Steel
Fresh long position can be initiated if the stock advances above Rs 608 levels with tight stop-loss.
Nifty Futures
Initiate fresh long position only if Nifty Futures moves beyond 5,430 levels with tight stop-loss.
Note : In a buy recommendation, the resistances would be the targets and the nearest support would be the stop loss; In a sell recommendation, the supports would be the targets and the nearest resistance would be the stop loss; The recommendation would be valid for today’s trading only .
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