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The near-term outlook is bearish for DLF and L&T. We recommend a sell in these stocks. Initiate fresh short-position if ICICI Bank dives below Rs 375, with tight stop-loss. After testing key resistance level, Infosys fell by 2 per cent experiencing selling pressure on Monday. We recommend a sell. Fresh short-position can be initiated if ONGC declines below Rs 630 with stiff stop-loss. Reliance Capital and TCS are witnessing selling interest. We recommend a sell. We notice formation of dark cloud cover candlestick pattern in RIL indicating bearishness. We recommend a sell. Desist trading in Reliance Communications and SBI, as the counters are moving sideways.

Yoganand D.

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