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Fresh short-position can be initiated only if DLF declines below Rs 163, with stiff stop-loss. Buy Infosys stock in dips with tight stop-loss at Rs 1,311. The near-term outlook is bullish on ICICI Bank and SBI. We recommend a buy. Initiate fresh long-position if L&T exceeds Rs 618 and Reliance Capital breaches Rs 376, while maintaining tight stop-loss. ONCG gained 5 per cent on Monday and it is testing a significant resistance around Rs 800. We recommend a buy with tight stop-loss at Rs 786. We recommend a buy on RIL. Avoid trading on Reliance Communications. Nifty Future is testing a key resistance level. Initiate fresh long position if Nifty future moves above 2954, with tight stop-loss.

Yoganand D.

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