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ICICI Bank

In the last trading session, the stock tumbled and formed a bearish engulfing candlestick pattern that indicates bearishness. Sell the stock in rallies with stop loss at Rs 798.

Infosys

Following a cautious outlook, the stock fell on Wednesday. Initiate fresh short-position only when the stock declines below Rs 1,845 with tight stop loss.

L&T

The near-term stance for the stock is watchful. Desist trading in this counter for the session.

ONGC

The stock is pausing at current levels. We reaffirm our prior view of initiating fresh long position, only if the stock moves above Rs 900, with stiff stop-loss.

Reliance Capital

The stock is experiencing selling pressure at higher levels. Utilise rallies to sell the stock with stop loss at Rs 1,175.

Reliance Communications

We retain our sell recommendation in this counter for the day.

Reliance Industries

Fresh short-position can be initiated, if the stock declines below Rs 2,262 with stiff stop loss.

Satyam Computer

The near-term outlook for the stock is bearish. We reiterate our sell recommendation in this counter.

SBI

We recommend a sell.

TCS

The stock has formed a bearish engulfing candlestick pattern, which signals bearishness. We recommend a sell.

Yoganand D.

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