DLF
The near-term outlook stays positive as long as DLF trades above Rs 240 levels. We recommend a buy in the stock with tight stop-loss at Rs 240 levels.
Fresh short position can be initiated if the stock reverses down from Rs 1,058 levels with tight stop-loss.
Infosys
Initiate fresh long position if the stock bounces up from Rs 2,730 levels with fixed stop-loss.
L&T
Fresh short position is recommended only if the counter dives below Rs 1,780 levels with tight stop-loss.
ONGC
Make use of rallies to sell the stock while maintaining tight stop-loss at Rs 279 levels.
Reliance Industries
Initiate fresh short position only if RIL fails to move beyond Rs 887 levels with stiff stop-loss.
SBI
Contrary to our view, the stock fell 1.5 per cent in the last trading session, forming a dark cloud cover candlestick pattern. Fresh short position can be initiated if the stock declines below Rs 2,450 levels with stiff stop-loss.
Tata Motors
The near-term stance is bearish for the stock. We re-state our sell recommendation in the stock while maintaining tight stop-loss at Rs 983 levels.
Tata Steel
Initiate fresh short position if the counter drops below Rs 569 levels with fixed stop-loss.
Nifty Futures
Nifty Futures retreated almost one per cent in the last trading sessions. Fresh short position can be initiated if Nifty Futures reverses down from 5,610 levels with stiff stop-loss.
(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)