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ICICI Bank

Fresh short-position can be initiated if the stock declines below Rs 440, with tight stop-loss.

Infosys

Desist trading in this counter as the outlook is watchful.

L&T

The stock witnessed selling pressure and formed a bearish engulfing candlestick pattern, signalling near-term bearish trend. We recommend a sell.

ONGC

After testing the resistance level at Rs 800, the stock declined on Wednesday. Utilise rallies to sell the stock with tight stop-loss at Rs 790.

Reliance Capital

We notice that the stock has formed a bearish engulfing candlestick pattern, indicating bearishness. We recommend a sell.

Reliance Communications

Initiate fresh short-position if the stock decline below Rs 220 level with close stop-loss.

Reliance Industries

On Wednesday, the stock was one of the major losers, down over 12 per cent or Rs 185 with heavy volume. We expect selling pressure to continue and recommend a sell. Satyam Computer

We retain our sell recommendation.

SBI

In the last trading session, the stock formed a dark cloud cover candlestick pattern, signals bearishness. We recommend a sell.

TCS

We re-affirm our sell recommendation.

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