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ICICI Bank

Inline with our expectation, the stock declined in the last session and has penetrated the medium-term up trendline. We reaffirm our sell recommendation.

Infosys

The stock is pausing at current price levels by forming doji candlestick. Desist trading in this counter for the session.

L&T

We maintain our sell recommendation in L&T.

ONGC

The stock has conclusively breached the 50-day moving average line on Tuesday. Sell the stock in rallies with stop loss at Rs 1,190.

Reliance Capital

We see that the stock has been on a sideways consolidation since early December. Avoid trading in this stock until it trends in a direction.

Reliance Communications

Sell the stock only when it declines below the support level of Rs 704.

Reliance Industries

We retain our sell recommendation with stop loss at Rs 2,776.

Satyam Computer

Fresh short position should be initiated only when the stock falls below Rs 393.

SBI

We recommend a sell in SBI.

TCS

Sell the stock when it decline below Rs1,000.

Yoganand D.

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