Comments
DLF
The stock was choppy in the last trading session. Initiate fresh long position if it bounces up from Rs 237 levels with tight stop-loss.
ICICI Bank
Fresh long position is recommended only if the counter surpasses Rs 1,121 levels with fixed stop-loss.
Infosys
Make use of dips to buy the stock while maintaining tight stop-loss at Rs 2,886 levels.
L&T
Fresh short position can be initiated if the stock fails to move beyond Rs 1,725 levels with stiff stop-loss.
ONGC
In line with our expectation, the stock moved higher in the last trading session. We reiterate our buy recommendation with stiff stop-loss at Rs 289 levels.
Reliance Industries
Near-term outlook is watchful for the stock. Avoid trading in the stock for the session.
SBI
Initiate fresh long position only if SBI reverses up from Rs 2,770 levels with stiff stop-loss.
Tata Motors
Experiencing buying interest, Tata Motors jumped four per cent accompanied by above average volumes on Wednesday. Initiate fresh long position if the stock climbs above Rs 1,267 levels with tight stop-loss.
Tata Steel
Fresh long position can be initiated only if Tata Steel bounces up from Rs 618 levels with tight stop-loss.
Nifty Futures
On Wednesday, Nifty Futures surged 1.9 per cent witnessing buying interest. We recommend a buy in Nifty Futures with tight stop-loss at 5,825 levels.
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