Comments
DLF
The near-term outlook is bearish for DLF. We re-state our sell recommendation in the stock.
ICICI Bank
Makse use of rallies to sell the stock while maintaining tight stop-loss at Rs 1,095 levels.
Infosys
Fresh long position can be initiated only if the counter moves above Rs 2,925 levels with stiff stop-loss.
L&T
On Monday, the stock fell 2.8 per cent forming a bearish engulfing candlestick pattern indicating bearishness. We recommend a sell in the stock with stiff stop-loss at Rs 1,700 levels.
ONGC
Initiate fresh long position only if ONGC bounces up from Rs 280 levels with stiff stop-loss.
Reliance Industries
The stock is experiencing selling pressure at higher levels. Make use of rallies to sell the stock while maintaining tight stop-loss at Rs 1,024 levels.
SBI
Fresh short position can be initiated if the stock fails to move beyond Rs 2,779 levels with tight stop-loss.
Tata Motors
Initiate fresh short position if the stock drops below Rs 1,188 levels with fixed stop-loss.
Tata Steel
Tata Steel slipped almost three per cent with above average volume on Monday. We recommend a sell in the stock with tight stop-loss at Rs 619 levels.
Nifty Futures
As long as Nifty Futures trades below 5,790, the near-term stock stays bearish. We recommend a sell in Nifty Futures with stiff stop-loss at 5,790 levels.
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