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DLF
Initiate fresh short position with stiff stop-loss only if DLF declines below Rs 177 levels.
ICICI Bank
Make use of rallies to sell the counter while maintaining tight stop-loss at Rs 877 levels.
Infosys
Negating our prior view, the stock retreated in the last trading session. It declined 3.5 per cent. Fresh short position can be initiated with fixed stop-loss if the stock slips below Rs 2,343 levels.
L&T
Initiate fresh short position with stiff stop-loss if L&T reverses down from Rs 1,637 levels.
ONGC
Fresh short position can be initiated with tight stop-loss only if ONGC dives below Rs 272 levels.
Reliance Industries
As long as RIL hoverers below Rs 750 levels, its near-term stance remains bearish. Make use of rallies to sell the stock while maintaining stiff stop-loss at Rs 750 levels.
SBI
On Thursday, SBI tumbled 4.5 per cent with above average volume, penetrating its key support level. We recommend a sell in the stock with stop-loss at Rs 2,100 levels.
Tata Motors
The near-term stance is bearish for Tata Motors. We recommend a sell in the stock with fixed stop-loss at Rs 760 levels.
Tata Steel
Initiate fresh short position with tight stop-loss if the stock fails to move beyond Rs 468 levels.
Nifty Futures
Nifty Futures fell 2.5 per cent in the previous trading session. Its near-term outlook stays bearish as long as it trades below 4,980 levels. We recommend a sell in Nifty Futures with stiff stop-loss at 4,980 levels.
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