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ICICI Bank: Buy.

The stock is consolidating after the sharp rally witnessed since August 29. The near term outlook is bullish.

IDBI: Buy

The stock continues to display strength, recording yet another life-time high on Thursday. The outlook for the stock stays positive until it trades above Rs 129.

IFCI: Buy

The stock has formed a bullish engulfing candlestick pattern. The uptrend is likely to continue. Buy close to the support at Rs 66.

Infosys: Buy

The stock has been moving up since the August low of Rs 1,750. After touching an intra-day low of Rs 1,870, the stock bounced back on Thursday.

L&T: Buy

The stock has reversed from crucial retracement level. Buy on close above Rs 2,650.

ONGC: Buy

We expect the short-term moving average line to lend support to the stock at current levels.

Reliance Capital: Hold

In the past four trading sessions, the stock has been moving sideways. Buy only on breakout above Rs 1,250.

Reliance Comm: Sell

The stock faces strong resistance at Rs 550. Sell if the stock is unable to surpass this level.

Reliance Industries: Buy

The stock is trading near its all-time high. Buy when it moves above resistance at Rs 2,000.

Satyam Computer: Buy

The stock is in short-term uptrend and has closed above the 21-day moving average line on Thursday. Buy close to the support at Rs 445.

SBI: Buy

The stock is consolidating under key resistance level. Buy as the stock moves above Rs 1,636.

TCS: Sell

Sell if the stock is unable to move above Rs 1,087.

In a buy recommendation, the resistances would be the targets and the nearest support would be the stop loss. In a sell recommendation, the supports would be the targets and the nearest resistance would be the stop loss. The recommendation would be valid for the current trading day only. LTP - Last traded price.

Yoganand. D

The analysis and opinion expressed in this column 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.

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