Comments
DLF
Make use of rallies to sell DFL while maintaining tight stop-loss at Rs 222 levels.
ICICI Bank
We re-state our sell recommendation in the counter with fixed stop-loss at Rs 1,005 levels.
Infosys
Fresh short position can be initiated with tight stop-loss only if the stock falls below Rs 2,694 levels.
L&T
The near-term stance remains bearish as long as the stock trades below Rs 1,660 levels. Make use of rallies to sell the stock while maintaining tight stop-loss at Rs 1,660 levels.
ONGC
Fresh short position is recommended with stiff stop-loss if ONGC dives below Rs 270 levels.
Reliance Industries
Fresh short position can be initiated with stiff stop-loss only if the stock reverses lower from Rs 825 levels.
SBI
Initiate fresh short position with tight stop-loss if the counter fails to move beyond Rs 2,278 levels.
Tata Motors
In line with our expectation, the stock fell in the last trading session. It declined 1.5 per cent with above average volumes. We reiterate our sell recommendation in the stock with fixed stop-loss at Rs 927 levels.
Tata Steel
Fresh short position can be initiated with stiff stop-loss if Tata Steel declines below Rs 553 levels.
Nifty Futures
Nifty Futures dropped 1.6 per cent breaching a key support level at 5,400. Its near-term outlook is bearish. We recommend a sell in Nifty Futures with tight stop-loss at 5,380 levels.
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