DLF
The near-term outlook is bullish for DLF. We re-affirm our buy recommendation in the stock with fixed stop-loss at Rs 233 levels.
Fresh short position can be initiated only if the counter fails to move above Rs 1,100 levels with tight stop-loss.
Infosys
Fresh long position is recommended only if the stock jumps beyond Rs 2,808 levels with tight stop-loss.
L&T
Initiate fresh long position only if the stock climbs above Rs 1,655 levels with stiff stop-loss.
ONGC
Make use of dips to buy the stock while maintaining stiff stop-loss at Rs 277 levels.
Reliance Industries
Initiate fresh long position if the stock bounces up from Rs 936 with fixed stop-loss.
SBI
In line with our prior expectation, SBI moved higher on Tuesday. We re-affirm our buy recommendation in the stock with tight stop-loss at Rs 2,270 levels.
Tata Motors
Initiate fresh long position only if Tata Motors moves beyond Rs 1,110 levels with stiff stop-loss.
Tata Steel
We recommend a buy in the counter with tight stop-loss at Rs 582 levels.
Nifty Futures
On Tuesday, Nifty Futures surged 1.6 per cent witnessing buying interest and breached its 21-day moving average. As long as Nifty Futures trades above 5,504 levels, the near-term stance stays positive. We recommend a buy with stiff stop-loss at 5,504 levels.