Comments
DLF
The stock tumbled four per cent forming a bearish engulfing candlestick pattern in the last trading session. We recommend a sell in the stock with stiff stop-loss at Rs 237 levels.
ICICI Bank
We recommend a sell in ICICI Bank with tight stop-loss at Rs 1,055 levels.
Infosys
Fresh long position can be imitated only if the stock jumps above Rs 2,820 levels with stiff stop-loss.
L&T
L&T retreated almost four per cent with above average volumes on Tuesday. Fresh short position can be initiated if the stock reverses down from Rs 1,800 levels with stiff stop-loss.
ONGC
We recommend a sell in the stock with fixed stop-loss at Rs 280 levels.
Reliance Industries
Initiate fresh short position only if the stock dives below Rs 860 levels with tight stop-loss.
SBI
Experiencing selling pressure the stock declined 2.8 per cent in the last trading sessions. Fresh short position can be initiated if SBI slips below Rs 2,422 levels with fixed stop-loss.
Tata Motors
Initiate fresh short position if the counter fails to move beyond Rs 985 levels with stiff stop-loss.
Tata Steel
Make use of rallies to sell the stock while maintaining tight stop-loss at Rs 590 levels.
Nifty Futures
On Tuesday, Nifty Futures fell two per cent breaching its 21-day moving average. Fresh short position can be initiated if Nifty Futures declines below 5,544 levels with tight stop-loss.
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