Comments
DLF
Utilise dips to buy the stock with stiff stop-loss at Rs 230 levels.
ICICI Bank
The stock was volatile and formed a spinning top candlestick pattern, indicating indecisiveness on Wednesday. Desist trading in the stock for the session.
Infosys
Initiate fresh long position if the stock bounces up from Rs 2,855 levels with tight stop-loss.
L&T
As long as the stock trades above Rs 1,686, the near-term stance stays positive. Make use of dips to buy the stock while maintaining stiff stop-loss at Rs 1,686 levels.
ONGC
The near-term outlook is bearish for the stock. We recommend a sell in the stock with stiff stop-loss at Rs 275 levels.
Reliance Industries
Fresh short position can be initiated if RIL reverses down from Rs 965 levels with tight stop-loss.
SBI
Initiate fresh short position only if SBI dives below Rs 2,270 levels with tight stop-loss.
Tata Motors
Initiate fresh long position if the stock reverses higher from Rs 1,014 levels with fixed stop-loss.
Tata Steel
Fresh long position is recommended only if the counter climbs above Rs 585 levels with stiff stop-loss.
Nifty Futures
Initiate fresh short position if Nifty Futures fails to move above 5,565 levels with tight stop-loss.
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