
June 27, 2011:
DLF
Fresh long position is recommended only if DLF climbs above Rs 220 levels with tight stop-loss.
ICICI BANK
Initiate fresh short position only if the stock dives below Rs 1,050 levels with tight stop-loss.
INFOSYS
We recommend a buy with fixed stop-loss at Rs 2,840 levels.
L&T
Fresh long position can be initiated if the counter advances beyond Rs 1,750 levels with stiff stop-loss.
ONGC
The near-term stance stays positive as long as ONGC hovers above Rs 268 levels. We recommend a buy in the stock with stiff stop-loss at Rs 268 levels.
RELIANCE INDUSTRIES
Make use of dips to buy the stock while maintaining tight stop-loss at Rs 855 levels.
SBI
Fresh long position can be initiated if SBI reverses higher from Rs 2,256 levels with fixed stop-loss.
TATA MOTORS
We recommend a buy in the stock with stiff stop-loss at Rs 950 levels.
TATA STEEL
Initiate fresh long position only if Tata Steel moves beyond Rs 585 levels with tight stop-loss.
NIFTY FUTURES
On Friday, Nifty Futures jumped 167.8 points or 3 per cent accompanied by above average volumes. As long as Nifty Futures trades above 5425 levels, the near-term stance stays positive. We recommend a buy in it with tight stop-loss at 5425 levels
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