DLF
Initiate fresh short position with tight stop-loss if DLF slips below Rs 229 levels.
Desist trading in the stock for the session as its near-term stance is cautious.
Infosys
We recommend a sell in the stock with tight stop-loss at Rs 2,760 levels.
L&T
Fresh short position can be initiated with tight stop-loss if the stock reverses down from Rs 1,750 levels.
ONGC
We re-state our sell recommendation in ONGC with fixed stop-loss at Rs 280 levels.
Reliance Industries
The stock fell 2.7 per cent with above average volumes on Thursday and is currently testing key short-term support level. Initiate fresh short position with stiff stop-loss only if the stock declines below Rs 825 levels.
SBI
The near-term stance remains bearish as long as SBI hovers below Rs 2,375 levels. Utilise rallies to sell the stock with tight stop-loss at Rs 2,375 levels.
Tata Motors
Fresh long position can be initiated with fixed stop-loss only if the stock jumps above Rs 964 levels.
Tata Steel
Near-term outlook is negative for the stock. Make use of rallies to sell the counter while maintaining stiff stop-loss at Rs 574 levels.
Nifty Futures
Nifty Futures fell 55 points in the last trading session. Its near-term stance stays bearish as long as it trades below 5,525 levels. Fresh long position is recommended with tight stop-loss only if it advances above 5,525 levels.