Comments
DLF
Initiate fresh short position with tight stop-loss if DLF reverses down from Rs 204 levels.
ICICI Bank
The stock fell 2.5 per cent and formed a bearish engulfing candlestick pattern on Friday. We recommend a sell in the stock with stiff stop-loss at Rs 908 levels.
Infosys
Make use of rallies to sell the counter while maintaining stiff stop-loss at Rs 2287 levels.
L&T
Fresh short position is recommended with tight stop-loss only if the stock declines below Rs 1675 levels.
ONGC
Initiate fresh short position with fixed stop-loss only if ONGC fails to move beyond Rs 264 levels.
Reliance Industries
Experiencing selling pressure the stock fell 3 per cent with above average volume on Friday. Fresh short position can be initiated with fixed stop-loss if RIL slips below Rs 812 levels.
SBI
We recommend a sell in SBI with tight stop-loss at Rs 2050 levels.
Tata Motors
Fresh short position can be initiated with tight stop-loss if Tata Motors drops below Rs 148 levels.
Tata Steel
Utilise rallies to sell the stock while maintaining stiff stop-loss at Rs 484 levels.
Nifty Futures
Nifty futures fell 102 points in the last trading session. Initiate fresh short position with stiff stop-loss only if Nifty Futures fails to move beyond 5100 levels.
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