Comments
DLF
The stock is still testing its near-term resistance. Fresh long position is recommended only if DLF moves above Rs 252 with tight stop-loss.
ICICI Bank
We recommend a buy in the stock with tight stop-loss at Rs 1,082 levels.
Infosys
Initiate fresh long position only if Infosys bounces up from Rs 3,120 levels with stiff stop-loss.
L&T
We re-affirm our buy recommendation in the stock with fixed stop-loss at Rs 1,620.
ONGC
Utilise dips to buy the stock with tight stop-loss at Rs 274 levels.
Reliance Industries
RIL was volatile and formed spinning top candlestick pattern in the last trading session, indicating indecisiveness. Desist trading in the counter for the session.
SBI
Fresh long position can be initiated if SBI bounces up from Rs 2,728 levels with fixed stop-loss.
Tata Motors
The stock surged three per cent accompanied by above average volumes on Monday. The near-term stance is positive for the stock. We recommend a buy with tight stop-loss at Rs 1,200 levels.
Tata Steel
The stock is experiencing selling interest at higher levels. Make use of rallies to sell the stock while maintaining stiff stop-loss at Rs 620 levels.
Nifty Futures
We reiterate our buy recommendation in Nifty Futures with stiff stop-loss at 5663 levels.
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