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Note: In a buy recommendation, the resistances would be the targets and the nearest support would be the stop loss; In a sell recommendation, the supports would be the targets and the nearest resistance would be the stop loss; The recommendation would be valid for the day only; LTP - Last traded price

Utilise rallies to sell DLF, with tight stop-loss at Rs 250. In the last trading session, ICICI Bank and SBI bounced up from their intra-day lows. However, the stance is watchful for these two counters avoid trading for the day. Buy Infosys stock in dips with stiff stop-loss at Rs 1575. Utilise up move to sell L&T, while maintaining tight stop at Rs 1002. We reiterate our sell recommendation in ONGC and Reliance Communications. Initiate fresh short position if Reliance Capital declines below Rs 551, with stiff stop. We recommend a buy in RIL with tight stop at Rs 1910. The outlook remains positive as long as Nifty future trades above 3650 level. We recommend a buy with tight stop at 3650.

Yoganand D.

BL Research Bureau

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