DLF
The stock surged four per cent in the last trading session. Initiate fresh long position with fixed stop-loss if the stock moves beyond Rs 214 levels.
We re-state our buy recommendation in the stock with tight stop-loss at Rs 951 levels.
Infosys
Fresh short position can be initiated with stiff stop-loss if the counter fails to move beyond Rs 2,468 levels.
L&T
Utilise dips to buy the stock with tight stop-loss at Rs 1,640 levels.
ONGC
Make us of rallies to sell the stock while maintaining tight stop-loss at Rs 283 levels.
Reliance Industries
Initiate fresh long position with stiff stop-loss only if RIL jumps beyond Rs 781 levels.
SBI
Fresh long position can be initiated with fixed stop-loss if SBI reverses higher from Rs 2,255 levels.
Tata Motors
On Wednesday, the stock jumped six per cent accompanied by above average volumes, confirming morning star candlestick pattern which is a bullish reversal pattern. We recommend a buy in the stock with stop-loss at Rs 833 levels.
Tata Steel
Fresh long position is recommended with stiff stop-loss only if Tata Steel climbs above Rs 495 levels.
Nifty Futures
Nifty Futures is testing resistance at 5,200 levels. Fresh long position can be initiated with tight stop-loss only if Nifty Futures advances beyond 5,210 levels.
The analysis and opinion expressed in these columns are based on the technical analysis of the past price behaviour. The stop-loss level provided with the recommendation is important. The original view would stand negated if the stop-loss level is breached. There is a risk of loss in trading.