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ICICI Bank

The stock is pausing at around Rs 700 levels. Avoid initiating buy or sell position in this counter for the session.

Infosys

Sell the stock in rallies with tight stop-loss at Rs 1,800.

L&T

Though the stock moved up in the last trading session, there is lack of volume support. The outlook is cautious for the stock. Desist trading in this counter for the day.

ONGC

The stock is trading with in a narrow range and has formed a spinning-top candlestick pattern. Avoid trading in this stock.

Reliance Capital

Initiate short-position, only if the stock fails to surpass Rs 1,035, with stiff stop loss.

Reliance Communications

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

Reliance Industries

Fresh long-position can be initiated, if the stock moves above the resistance level of Rs 2,270, with tight stop loss.

Satyam Computer

The stock is currently testing the down trendline. Initiate fresh long-position, only if the stock exceeds Rs 467.

SBI

The stock is hovering around Rs 1,200. Avoid trading in this counter for the day.

TCS

We retain our buy recommendation.

Yoganand D.

BL Research Bureau

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