December 14, 2011:
DLF
The stock retreated 3.6 per cent, breaching its 21-day moving average on Wednesday. Initiate fresh short position with stiff stop-loss if the stock slips below Rs 197
ICICI Bank
Fresh long position is recommended with fixed stop-loss only if the counter advances above Rs 714 levels.
Infosys
Initiate fresh long position with stiff stop-loss if the stock reverses higher from Rs 2,720 levels.
L&T
The near-term outlook is bearish for the stock. Make use of rallies to short the stock while maintaining tight stop-loss at Rs 1,175 levels.
ONGC
Initiate fresh long position with tight stop-loss only if the stock jumps above Rs 255 levels.
Reliance Industries
We reiterate that fresh long position can be initiated with stiff stop-loss if the stock moves beyond Rs 754 levels.
SBI
Fresh short position is recommended with tight stop-loss only if SBI drops below Rs 1,764 levels.
Tata Motors
Initiate fresh short position with fixed stop-loss if the stock fails to move above Rs 179 levels.
Tata Steel
Fresh short position can be initiated with rigid stop-loss if the stock reverses down from Rs 385 levels.
Nifty Futures
On Wednesday, Nifty futures fell almost one per cent with above average volume. Fresh short position can be initiated with tight stop-loss if Nifty Futures fails to rally above 4,811 levels.
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