Comments
DLF
Fresh long position can be initiated only if DLF climbs above 227 levels with tight stop-loss.
ICICI Bank
Initiate fresh short position if the counter drops below Rs 992 levels with stiff stop-loss.
Infosys
Make use of rallies to sell the stock while maintaining tight stop-loss at Rs 2,852 levels.
L&T
Contrary to our prior view, the stock declined in the last trading session. Initiate fresh long position only if the stock reverses up from Rs 1,600 levels with tight stop-loss.
ONGC
We recommend a sell in the counter with stiff stop-loss at Rs 272 levels.
Reliance Industries
Fresh short position is recommended only if the stock dives below Rs 895 levels with stiff stop-loss.
SBI
Negating our prior view, the stock fell in the last trading session. As long as the stock trades below Rs 2,276, the near-term stance remains negative. Fresh short position can be initiated if the stock reverses down from this level with tight stop-loss.
Tata Motors
The stock declined three per cent accompanied by above average volume, penetrating its 200-day moving average on Monday. We recommend a sell in the stock with fixed stop-loss at Rs 1,145 levels.
Tata Steel
The near-term outlook is bearish for Tata Steel. We recommend a sell in the stock with stiff stop-loss at Rs 567 levels.
Nifty Futures
On Monday, Nifty tumbled 1.8 per cent witnessing selling pressure. Initiate fresh short position if Nifty Futures fails to move beyond 5,424 levels with tight stop-loss.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.