Comments
DLF
Fresh short position can be initiated with tight stop-loss if the stock fails to move beyond Rs 227 levels.
ICICI Bank
We recommend a sell in the stock while maintaining stiff stop-loss at Rs 1,011 levels.
Infosys
Initiate fresh long position with stiff stop-loss only if the stock advances above Rs 2,747 levels.
L&T
The stock tumbled four per cent accompanied by above average volumes on Wednesday. Its near-term forecast is bearish. We recommend a sell in the stock with tight stop-loss at Rs 1,676 levels.
ONGC
We recommend a buy in the counter with fixed stop-loss at Rs 272 levels.
Reliance Industries
Initiate fresh short position with tight stop-loss if the stock declines below Rs 818 levels.
SBI
Fresh short position is recommended with stiff stop-loss only if SBI fall below Rs 2,260 levels.
Tata Motors
The stock fell three per cent witnessing selling pressure in the last trading session. Its near-term stance is bearish. We recommend a sell in it with stiff stop-loss at Rs 938 levels.
Tata Steel
Initiate fresh short position with stiff stop-loss if the stock reverses down from Rs 569 levels.
Nifty Futures
On Wednesday, Nifty Futures declined 42 points from its previous close of 5,466 levels. Fresh short position can be initiated with tight stop-loss only if the stock slips below 5,386 levels.
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