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DLF
Fresh long position can be initiated with tight stop-loss only if DLF surges above Rs 212 levels.
ICICI Bank
Initiate fresh short position with stiff stop-loss if the counter dives below Rs 870 levels.
Infosys
Experiencing selling pressure, the stock fell two per cent on Monday. Make use of rallies to sell the stock while maintaining fixed stop-loss at Rs 2,287 levels.
L&T
Initiate fresh long position with stiff stop-loss only if L&T bounces up from Rs 1,609 levels.
ONGC
In line with our expectation, the stock fell in the last trading session. It declined 2.7 per cent with above average volumes. Near-term stance for the stock continues to be bearish. We reiterate our sell recommendation in it with tight stop-loss at Rs 260 levels.
Reliance Industries
Fresh long position is recommended with tight stop-loss only if RIL advances beyond Rs 800 levels.
SBI
Fresh long position can be initiated in the stock with stiff stop-loss if it reverses higher from Rs 1,982 levels.
Tata Motors
We re-state our prior view that fresh short position can be initiated with stiff stop-loss only if the stock drops under Rs 742 levels.
Tata Steel
Initiate fresh long position with tight stop-loss only if Tata Steel advances beyond Rs 504 levels.
Nifty Futures
Fresh short position can be initiated with tight stop-loss if Nifty Futures declines below 4,970 levels.
(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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