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ICICI Bank

We retain our sell recommendation in this counter.

Infosys

Negating our prior view, the stock moved up in the last trading session. Fresh long-position can be initiated, if the stock moves above Rs 1,915 level.

L&T

Following a cautious outlook, the stock bounced up taking support at around Rs 2,600 in the last trading session. The outlook remains positive as long as the stock trades above this support level. Buy the stock in dips with tight stop loss.

ONGC

We reiterate our sell recommendation in this stock.

Reliance Capital

The stock is consolidating sideways. Avoid initiating buy or sell position for the session.

Reliance Communications

Utilise rallies to sell the stock with stiff stop loss at Rs 565.

Reliance Industries

On Wednesday, the stock moved up in line with our expectation, with good volume. We retain our buy recommendation.

Satyam Computer

The near-term outlook for the stock is bearish. We recommend a sell.

SBI

Sell the stock, if it fails to surpass Rs 1,335 level, with tight stop loss.

TCS

We re-affirm our sell recommendation in this counter.

Yoganand D.

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