Comments
DLF
Make use of rallies to sell the stock while maintaining stiff stop-loss at Rs 206 levels.
ICICI Bank
Initiate fresh long position with fixed stop-loss only if the stock exceeds above Rs 952 levels.
Infosys
In the last trading session the stock fell 2.6 per cent with above average volumes. Fresh short position can be initiated with stiff stop-loss only if the stock dives below Rs 2,355 levels.
L&T
Make use of dips to buy the stock while maintaining tight stop-loss at Rs 1,629 levels.
ONGC
Initiate fresh short position with tight stop-loss if the counter fails to move beyond Rs 283 levels.
Reliance Industries
Fresh long position can be initiated with stiff stop-loss of RIL bounces up from Rs 750 levels.
SBI
Fresh long position is recommended with fixed stop-loss only if SBI climbs above Rs 2,212 levels.
Tata Motors
The stock fell five per cent accompanied by good volumes on August 12. Fresh short position can be initiated with stiff stop-loss only if the stock declines below Rs 790 levels.
Tata Steel
Initiate fresh long position with stiff stop-loss if Tata Steel reverses higher from Rs 470 levels.
Nifty Futures
Fresh long position can be initiated with tight stop-loss if Nifty Futures advances beyond 5,126 levels.
(Note: In a buy recommendation, the resistances would be the targets and the nearest support would be the stop loss; In a sell recommendation, the supports would be the targets and the nearest resistance would be the stop loss; The recommendation would be valid for today’s trading only.)
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