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Initiate fresh short-position if DLF declines below Rs 364, with tight stop-loss. The stance stays positive as long as ICICI Bank trades above Rs 902 utilise dips to buy the stock with stiff stop-loss. We recommend a buy in Infosys with stop at Rs 2,388. Avoid trading in L&T for the session. Fresh long-position can be initiated if ONGC exceeds Rs 1,199 and Reliance Capital surpasses Rs 890, with stiff stop-loss. Utilise dips to buy Reliance Communications with stop at Rs 168. We recommend a buy in RIL with stop at Rs 2,169 as the near-term stance is positive. Utilise rallies to sell SBI with tight stop at Rs 2,345. As long as Nifty futures trades above 5066, the near-term outlook remains positive. We recommend a buy with tight stop-loss.

Yoganand D.

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