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Initiate Fresh long-position if DLF surpasses Rs 184, with stiff stop-loss. We recommend a buy on ICICI Bank and SBI for the session. Fresh long-position can be initiated if Infosys moves above Rs 1,398, with tight stop-loss. The near-term outlook is bullish for L&T, Reliance Capital and Reliance Communications. We recommend a buy on these counters. ONGC is facing resistance at Rs 820. Avoid trading in this stock as the stance is watchful. We recommend a buy in RIL with tight stop-loss at Rs 1,554. We recommend a buy on Nifty Futures as long as it trades above 3,039 level, with tight stop.

Yoganand D.

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