DLF
Utilise rallies to sell the counter while maintaining stiff stop-loss at Rs 224 levels.
ICICI Bank
Make use of dips to buy the stock with tight stop-loss at Rs 1,015 levels.
Infosys
Initiate fresh long position only if the stock surges above Rs 2,730 levels with fixed stop-loss.
L&T
Fresh short position can be initiated if the stock drops below Rs 1,644 levels with stiff stop-loss.
ONGC
The near-term outlook is bearish for ONGC. We recommend a sell in the stock with tight stop-loss at Rs 260 levels.
Reliance Industries
In the last trading session, the stock plunged almost four per cent with above average volumes. As long as the stock trades below Rs 850, the near-term stance stays bearish for the stock. Make use of rallies to sell the stock with tight stop-loss at Rs 850 levels.
SBI
Initiate fresh short position if the stock fails to move above Rs 2,205 levels with stiff stop-loss.
Tata Motors
Tata Motors tumbled five per cent accompanied by above average volumes in the last trading session. The daily indicators of the stock have reached oversold levels. Fresh long position can be initiated if the stock bounces up from Rs 918 levels with fixed stop-loss.
Tata Steel
Initiate fresh long position only if the stock gains beyond Rs 570 levels with stiff stop-loss.
Nifty Futures
Nifty Futures fell 2.2 per cent witnessing selling pressure on Monday. Fresh long position can be initiated if Nifty Futures reverses higher from 5,220 levels with tight stop-loss.
The analysis and opinion expressed in these columns are based on the technical analysis of the past price behaviour. The stop-loss level provided with the recommendation is important. The original view would stand negated if the stop-loss level is breached. There is a risk of loss in trading
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