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DLF
The near-term outlook is bearish for DLF. Utilise rallies to sell the stock with tight stop-loss at Rs 226 levels.
ICICI Bank
We recommend a sell in the stock with stiff stop-loss at Rs 1,080 levels.
Infosys
Initiate fresh long position only if the counter moves above Rs 2,930 levels with fixed stop-loss.
L&T
The stock fell four per cent with above average volume on Tuesday. Make use of rallies to sell the stock with tight stop-loss at Rs 1,560 levels.
ONGC
We recommend a sell in ONGC with tight stop-loss at Rs 299 levels.
Reliance Industries
Near-term outlook is bearish for RIL. We reaffirm our sell recommendation in the stock with stiff stop-loss at Rs 959 levels.
SBI
Fresh short position can be initiated if SBI slips below Rs 2,563 levels with fixed stop-loss.
Tata Motors
The stock plunged five per cent accompanied by above average volume, conclusively breaking through its immediate key support at Rs 1,200 level. We recommend a sell in the stock with stop-loss at Rs 1,180 levels.
Tata Steel
Make use of rallies to sell the counter while maintaining stiff stop-loss at Rs 611 levels.
Nifty Futures
In line with our expectation, Nifty Futures declined in the last trading session. It tumbled 2.7 per cent with good volume. The near-term stance continues to be bearish. We restate our sell recommendation in Nifty Futures with tight stop-loss at 5,625 levels.
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