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DLF
Fresh long position can be initiated only if DLF reverses upwards from Rs 231 levels with stiff stop-loss.
ICICI Bank
Initiate fresh short position if the counter dives below Rs 1,070 levels with tight stop-loss.
Infosys
Make use of dips to buy the stock while maintaining tight stop-loss at Rs 2,790 levels.
L&T
The near-term stance stays positive as long as the stock hovers above Rs 1,668 levels. We recommend a buy with firm stop-loss at Rs 1,668 levels.
ONGC
We recommend a buy in the stock with tight stop-loss at Rs 277 levels.
Reliance Industries
Fresh short position can be initiated if the counter declines below Rs 936 levels with tight stop-loss.
SBI
Initiate fresh short position only if SBI dives below Rs 2,305 levels with fixed stop-loss.
Tata Motors
The near-term stance is bearish for Tata Motors. We recommend a sell in the stock while maintaining stiff stop-loss at Rs 1,095 levels
Tata Steel
Initiate fresh short position if the stock fails to move beyond Rs 590 levels with stiff stop-loss.
Nifty Futures
Fresh long position can be initiated if Nifty Futures bounces up from 5554 levels with tight stop-loss.
(The analysis and opinion expressed in these columns are based on the technical analysis of the past price behaviour. The stop-loss level provided with the recommendation is important. The original view would stand negated if the stop-loss level is breached. There is a risk of loss in trading)
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