Comments
DLF
Fresh long position is recommended only if DLF moves above Rs 257 levels with tight stop-loss.
ICICI Bank
The stock gained 2.7 per cent accompanied by above average volumes on Wednesday. The near-term outlook is positive for the stock. We recommend a buy with stiff stop-loss at Rs 1113 levels.
Infosys
As long as the stock trades above Rs 3,283, the near-term stance stays bullish. We recommend a buy with tight stop-loss at Rs 3,283 levels.
L&T
The stock made an upward breakthrough of its sideways consolidation range on Wednesday by surging three per cent with good volume. Make use of dips to buy the stock with fixed stop-loss at Rs 1,690 levels.
ONGC
Initiate fresh long position if the counter bounces up from Rs 283 levels with firm stop-loss.
Reliance Industries
Taking support around Rs 1,000, RIL bounced up with good volumes in the last trading session. We recommend a buy with tight stop-loss at Rs 1,007 levels.
SBI
Fresh long position can be initiated only if the stock advances above Rs 2,850 levels with stiff stop-loss.
Tata Motors
We recommend a buy in the stock with tight stop-loss at Rs 1,230 levels.
Tata Steel
Initiate fresh long position only if the stock bounces up from Rs 628 levels with tight stop-loss.
Nifty Futures
Nifty futures advanced 2.3 per cent with good volume on Wednesday. As long as it hovers above 5,890 levels, the near-term stance remains positive. We recommend a buy in it with stiff stop-loss.
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