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ICICI Bank

We reiterate our sell recommendation in this counter.

Infosys

Fresh short position can be initiated if the stock declines below Rs 1,405.

L&T

In the last trading session, the stock encountered resistance at around Rs 3,150 and declined. Utilise rallies to sell the stock with tight stop-loss.

ONGC

On Monday, the stock witnessed a major sell off and it penetrated the key support level at Rs 1,050 as well as 200-day moving average. We recommend a sell.

Reliance Capital

After testing a significant resistance at Rs 1,400 more recently, the stock began to decline. The daily Relative Strength Index is likely to re-enter the bearish zone. We recommend a sell.

Reliance Communications

Sell the stock in rallies with stop at Rs 534.

Reliance Industries

Initiate fresh short-position only if the stock declined below Rs 2,230, with tight stop- loss.

Satyam Computer

The stock has been consolidating sideways in a range of Rs 390 and Rs 410, for the past three trading sessions. Sell the stock if it reverses from Rs 405.

SBI

We recommend a sell.

TCS

The outlook for the stock is cautious. Desist trading in this counter for the day.

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