Comments
DLF: We restate our prior view of initiating fresh long position with tight stop-loss if the stock climbs above Rs 199.
ICICI Bank: Desist trading in the stock for the session as its near-term stance is watchful.
Infosys: Initiate fresh long position fixed stop-loss only if the stock rallies above Rs 2,390 levels.
L&T: Fresh long position can be initiated with tight stop-loss if the stock climbs beyond Rs 1,365.
ONGC: As long as the stock trades below Rs 276, its near-term stance remains bearish. We recommend a sell in the stock while maintaining stiff stop-loss at Rs 276.
Reliance Industries: Initiate fresh long position with fixed stop-loss if RIL rebounds up from Rs 753 levels.
SBI: Initiate fresh long position with stiff stop-loss if the stock advances beyond Rs 1,865 levels.
Tata Motors: The stock is moving sideways with negative bias. Fresh short position is recommended with fixed stop-loss only if the stock slips below Rs 227.
Tata Steel: Initiate fresh long position with stiff stop-loss only if Tata Steel jumps beyond 363 levels.
Nifty Futures: Fresh short position can be initiated with tight stop-loss if Nifty Futures declines below 5,250 levels.
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