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ICICI Bank could have formed a short-term low at Rs 1,147 on Wednesday. Buy the stock if it moves above Rs 1,320.

The stock gained in the last session but it continues to be within the confines of its short-term range. Fresh long can be initiated only when the stock moves above Rs 1,891.

The bullish momentum continues in the stock. However, in view of the selling pressure witnessed at higher levels, we recommend traders to desist trading in the stock till the near term trend is apparent.

In line with our expectation, the stock breached Rs 1,265 and gained 6 per cent on Thursday. We maintain our buy recommendation in the stock.

Contrary to our anticipation, the stock witnessed a sell off in the last session (7 per cent). Sell the stock in rallies as long as it trades below Rs 2,100.

The stock moved higher on Thursday, as per our expectation. But since the candlestick pattern indicates a neutral outlook, avoid trading in RCom for the day.

We believe that the correction from the all-time high is likely to continue further. We recommend a sell.

The stock has reversed from the resistance level of Rs 490 recently. Sell the stock with stop at Rs 495.

SBI is moving sideways between Rs 2,050 and Rs 2,140. Sell the stock when it reverses from the upper boundary of the sideways range.

The stock is trading just above the significant support level of Rs 1,000. Buy the stock in dips with stop at Rs 1,000.

Yoganand D.

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