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ICICI Bank

In the last trading session, the stock breached the resistance level Rs 450. The outlook remains positive as long as the stock trades above Rs 445. We recommend a buy.

Infosys

The stock declined 3 per cent with above average volume on Tuesday. The counter is witnessing selling pressure. We recommend a sell.

L&T

The stock surged in line with our expectation in the last trading session. Moreover, it crossed over the 21-day moving average, reinforcing bullishness. We reiterate our buy recommendation in this counter.

ONGC

The near-term outlook is bullish for the stock. We retain our buy recommendation in ONGC.

Reliance Capital

We re-affirm our buy recommendation in this stock.

Reliance Communications

Fresh long-position can be initiated if the stock surpasses Rs 259 level, with tight stop-loss.

Reliance Industries

The stock is currently testing the resistance level of Rs 1,465. Buy the stock in dips with stop-loss at Rs 1,420.

Satyam Computer

The stock tumbled 7 per cent, penetrating the 21-day moving average accompanied with above average volume. We recommend a sell in this counter.

SBI

We recommend a buy.

TCS

Sell the stock in rallies with stiff stop-loss at Rs 527.

Yoganand D.

BL Research Bureau

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