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DLF
Witnessing selling pressure DLF fell almost three per cent in the lat trading session. Utilise rallies to sell the stock while retaining tight stop-loss at Rs 230 levels.
ICICI Bank
Initiate fresh short position if the counter dives below Rs 1,020 levels with fixed stop-loss.
Infosys
Make use of rallies to sell the stock while maintaining tight stop-loss at Rs 2,850 levels.
L&T
Fresh long position can be initiated if the stock bounces up from Rs 1,697 levels with tight stop-loss.
ONGC
Initiate fresh short position if the stock reverses down from Rs 272 levels with stiff stop-loss.
Reliance Industries
We recommend a sell in RIL with stiff stop-loss at Rs 915 levels.
SBI
Initiate fresh short position if SBI drops below Rs 2,165 levels with tight stop-loss.
Tata Motors
Fresh long position can be initiated only if the counter reverses higher from Rs 981 levels with fixed stop-loss.
Tata Steel
We re-affirm our sell recommendation in the stock with stiff stop-loss at Rs 570 levels.
Nifty Futures
Nifty Futures slipped one per cent experiencing selling pressure on Wednesday. Initiate fresh short position if Nifty Futures fails to move above 5,490 levels with tight stop-loss.
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