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ICICI Bank

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

Infosys

Utilise rallies to sell the stock with tight stop-loss at Rs 1,680.

L&T

Contrary to our expectation, the stock declined in the previous trading session. Initiate fresh short-position, if the stock falls below Rs 2,600 level, with stiff stop-loss.

ONGC

In line with our expectation, the stock fell in the last trading session. We re-affirm our sell recommendation in this stock for the day.

Reliance Capital

Sell the stock in rallies with stop-loss at Rs 1,250 level.

Reliance Communications

We recommend a sell in this counter.

Reliance Industries

Fresh short-position can be initiated, if the stock declines below Rs 2,189, with stiff stop-loss.

Satyam Computer

Desist trading in this counter for the session.

SBI

As anticipated, the stock declined in the last trading session, accompanied with heavy volume. We retain our sell recommendation in this counter for the day.

TCS

Sell the stock in rallies with tight stop-loss at Rs 835.

Yoganand D.

BL Research Bureau

Note: In a buy recommendation, the resistances would be the targets and the nearest support would be the stop loss; In a sell recommendation, the supports would be the targets and the nearest resistance would be the stop loss; The recommendation would be valid for today’s trading only.

(The analysis and opinion expressed in these columns are based on the technical analysis of the past price behaviour. The stop-loss level provided with the recommendation is important. The original view would stand negated if the stop-loss level is breached. There is a risk of loss in trading)

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