June 15, 2011:
DLF
Fresh long position can be initiated only if DLF exceeds above Rs 235 levels with tight stop-loss.
ICICI Bank
As long as the stock hovers above Rs 1,043, the near-term stance remains positive for the session. We recommend a buy in the stock with tight stop-loss at Rs 1,043 levels.
Infosys
Initiate fresh long position only if the stock bounces up from Rs 2,858 levels with fixed stop-loss.
L&T
Make use of dips to buy the stock with tight stop-loss at Rs 1,715 levels.
ONGC
Fresh long position is recommended only if the counter advances above Rs 274 levels with stiff stop-loss.
Reliance Industries
The near-term stance is bearish for RIL. We recommend a sell in the stock with tight stop-loss at Rs 929 levels.
SBI
Make use of dips to buy the counter while maintaining tight stop-loss at Rs 2,220 levels.
Tata Motors
Tata Motors fell almost three per cent with above average volumes in the last trading session. Fresh short position can be initiated only if the stock fails to move above Rs 1,000 with stiff stop-loss.
Tata Steel
The near-term outlook is bearish for the stock. We re-state our sell recommendation with stiff stop-loss at Rs 570 levels.
Nifty Futures
We adhere to our prior view of initiating fresh long position only if Nifty Futures moves beyond 5,550 levels with tight stop-loss.
