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ICICI Bank

Fresh short-position can be initiated if the stock declines below Rs 465, with tight stop-loss.

Infosys

The stock is testing the support level at Rs 1,300. We are negatively biased in this counter and recommend a sell for the session.

L&T

In the last trading session, the stock conclusively penetrated the significant support level of Rs 1,050 by plummeting 7 per cent, with high volume. We recommend a sell in this counter.

ONGC

The stock is experiencing selling pressure at higher levels. Utilise rallies to sell the stock with stop-loss at Rs 1,032 level.

Reliance Capital

On Tuesday, the stock was volatile and formed a spinning top candlestick pattern indicating indecisiveness. Avoid trading in this counter for the day.

Reliance Communications

We reaffirm our sell recommendation in this counter.

Reliance Industries

The stock is currently pausing. Sell the stock in rallies with tight stop-loss at Rs 1,750 level.

Satyam Computer

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

SBI

Initiate fresh short-position only if the stock declines below Rs 1,375 with stiff stop-loss.

TCS

The stock penetrated the key support level of Rs 600 by declining 7 per cent. We recommend a sell.

Yoganand D.

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