Comments
DLF
Fresh long position can be initiated with tight stop-loss if the stock bounces up from Rs 182 levels.
ICICI Bank
Initiate fresh short position with stiff stop-loss only if the stock reverses down from Rs 850 levels.
Infosys
Fresh long position is recommended with tight stop-loss only if the stock climbs above Rs 2245 levels.
L&T
The near-term outlook stays bearish for L&T as long as it trades below Rs 1560 levels. We recommend a sell in the stock with tight stop-loss at Rs 1560 levels.
ONGC
Make use of dips to buy the stock while maintaining stiff stop-loss at Rs 272 levels.
Reliance Industries
Initiate fresh long position with stiff stop-loss if the stock reverses higher from Rs 722 levels.
SBI
As long as SBI trades below Rs 2060, the near-term outlook remains bearish. Initiate fresh short position with fixed stop-loss only if the stock fails to move beyond Rs 2060 levels.
Tata Motors
Fresh long position is recommended only if the counter jumps beyond Rs 725 levels.
Tata Steel
Fresh long position can be initiated with stiff stop-loss if the stock bounces up from Rs 453 levels.
Nifty Futures
Nifty futures was volatile and fell 1.8 per cent on Friday. It formed a spinning top candlestick pattern signalling indecisiveness. However, fresh long position can be initiated with tight stop-loss only if Nifty Futures moves beyond 4900 levels.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.