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ICICI Bank

The stock has formed a spinning top candlestick pattern, indicating indecisiveness. Avoid trading in this counter for the session.

Infosys

In line with our anticipation, the stock fell in the last trading day. The near-term outlook is bearish. Sell the stock in rallies with stop loss at Rs 1,800.

L&T

The stock is pausing around the support level of Rs 2,300. Fresh long-position can be initiated, if the stock moves above Rs 2,353, with tight stop loss.

ONGC

The stock is consolidating sideways in a narrow range. Desist trading in the stock for the session.

Reliance Capital

The stock bounced up 5 per cent taking support at around Rs 910 level on Wednesday. Buy the stock in declines with tight stop loss at Rs 945.

Reliance Communications

Initiate fresh long-position, only if the stock exceeds Rs 520.

Reliance Industries

Fresh long-position can be initiated, if the stock moves above the resistance level of Rs 2,164.

Satyam Computer

We maintain our sell recommendation in this counter.

SBI

Avoid trading in this counter for the day as the outlook is watchful.

TCS

The stock has formed a bullish engulfing candlestick pattern, which indicates bullishness. We recommend a buy.

Yoganand D.

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