Comments
DLF
Initiate fresh short position with tight stop-loss if DLF reverses lower from Rs 231 levels.
ICICI Bank
Make use of rallies to sell the stock with stiff stop-loss at Rs 1,033 levels.
Infosys
Negating our prior view, the stock retreated in the last trading session. It declined two per cent. Fresh short position can be initiated with tight stop-loss if the stock drops below Rs 2,735 levels.
L&T
Initiate fresh short position with stiff stop-loss only if the counter fails to move beyond Rs 1,748 levels.
ONGC
Make use of dips to buy the stock while maintaining tight stop-loss at Rs 272 levels.
Reliance Industries
Fresh long position can be imitated with tight stop-loss only if the stock moves above Rs 847 levels.
SBI
On Tuesday, SBI declined almost three per cent with above average volumes, witnessing selling pressure. As long as it trades below Rs 2,297, its near-term outlook stays bearish. We recommend a sell with fixed stop-loss at Rs 2,297 levels.
Tata Motors
Fresh short position is recommended with stiff stop-loss only if Tata Motors declines below Rs 946 levels.
Tata Steel
The near-term stance is bearish for the stock. We recommend a sell in the stock with tight stop-loss at Rs 569 levels.
Nifty Futures
Nifty Futures fell 1.2 per cent and closed below a key level at 5,500 in the last trading session. Initiate fresh short position with stiff stop-loss if Nifty Futures fails to move beyond 5,510 levels.
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