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ICICI Bank

The stock is facing key resistance at Rs 450. Initiate fresh short-position only if the stock reverses from the resistance level of Rs 450, with tight stop-loss.

Infosys

On Monday, the stock lost its entire intra-day gains, experiencing selling pressure at higher levels. Fresh short-position can be initiated if the stock declines below Rs 1,350, with stiff stop-loss.

L&T

The near-term outlook remains positive as long as the stock trades above Rs 850. Buy the stock in dips with stop-loss at Rs 850.

ONGC

We recommend a buy in this counter.

Reliance Capital

The near-term stance is bullish for the counter. We recommend a buy.

Reliance Communications

Utilize rallies to sell the stock with tight stop-loss at Rs 253.

Reliance Industries

The stock is facing significant resistance at Rs 1,465. Fresh long-position can be initiated if the stock exceeds Rs 1,465 with tight stop-loss.

Satyam Computer

The stock is consolidating sideways. Desist trading in this counter for the session.

SBI

In the last trading session, the stock gained almost 12 per cent, experiencing buying pressure. We recommend a buy with stiff stop-loss at Rs 1,200.

TCS

Avoid trading in this stock as the outlook is cautious.

Yoganand D.

BL Research Bureau

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