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ICICI Bank

In line with our expectation, the stock broke out of a flag pattern formation in the last trading session. We maintain our buy recommendation.

Infosys

The stock fell in the previous trading session as anticipated in our prior column. The daily momentum indicator has entered the bearish region. We continue with our sell recommendation.

L&T

Contrary to our view, L&T witnessed selling pressure and tumbled in the last trading session. As the stock failed to surpass the key resistance level of Rs 4,400, we change our recommendation to sell.

ONGC

Buy the stock in dips with tight stop loss at Rs 1,250.

Reliance Capital

We continue with our prior recommendation that traders should avoid trading in this counter.

Reliance Communications

We note that the stock has formed a bearish engulfing candlestick pattern, which is a reversal pattern. We recommend a sell.

Reliance Industries

The stock is moving sideways. Desist trading in this counter.

Satyam Computer

We re-affirm our sell recommendation.

SBI

Sell the stock in rallies with tight stop loss at Rs 2,457.

TCS

We maintain our sell recommendation in this counter.

Yoganand D.

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