Comments
DLF
The stock is currently moving sideways around Rs 270 levels. Fresh long position can be initiated once the stock moves above Rs 274 with stiff stop-loss.
ICICI Bank
We recommend a sell in the stock with tight stop-loss at Rs 1,113 levels.
Infosys
Initiate fresh short position only if the stock dives below Rs 3,227 levels with fixed stop-loss.
L&T
Fresh long position is recommended only if L&T moves above Rs 1,683 levels with stiff stop-loss.
ONGC
On Thursday the stock slipped two per cent with above average volume and formed a bearish engulfing candlestick pattern. We recommend a sell in the stock with fixed stop-loss at Rs 297 levels.
Reliance Industries
Initiate fresh short position if the stock fails to move beyond Rs 1,054 levels with stiff stop-loss.
SBI
Fresh long position is recommended only if SBI advances above Rs 2,828 levels with tight stop-loss.
Tata Motors
As long as the stock trades above Rs 1,275, the near-term stance remains positive. We recommend a buy with tight stop-loss at Rs 1,275 levels.
Tata Steel
Initiate fresh long position only if the counter moves beyond Rs 646 levels with stiff stop-loss.
Nifty Futures
We reiterate our prior view of initiating fresh short position only if Nifty Futures declines below 5,874 levels with tight stop-loss.
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