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DLF stock is currently testing key resistance; avoid trading in it for the session. Both ICICI Bank and SBI stocks are experiencing selling pressure at higher levels. Sell these stocks in rallies with tight stop-loss. Initiate fresh long-position in L&T if it exceeds Rs 876 and if ONGC surpasses Rs 735, with stiff stop-loss. The near-term outlook is bullish for Reliance Capital and Reliance Communications . We recommend a buy. However, the outlook is cautious for Infosys and TCS. Desist trading in these stocks for the day. Fresh long-position can be initiated only if RIL moves beyond Rs 1,395, with tight stop-loss.

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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