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ICICI Bank

The stock is experiencing selling pressure at higher levels. Fresh short position can be initiated if the stock declines below the support level of Rs 1,100.

Infosys

The stock is beginning to lose its bullish momentum and has formed a bearish engulfing candlestick pattern. We recommend a sell.

L&T

In line with our expectation, the stock moved up in the last trading session. We re-affirm our buy recommendation in this stock.

ONGC

Avoid initiating positions in ONGC for the day.

Reliance Capital

Fresh selling can be initiated if the stock declines below Rs 1,900.

Reliance Communications

Our short-term outlook for the stock is bearish. We retain our sell recommendation in this counter.

Reliance Industries

The outlook for the stock is cautious. Hence desist trading for the session.

Satyam Computer

Contrary to our view, the stock tumbled penetrating the 200-day moving average in the previous trading session. We change our view to sell.

SBI

We continue with our sell recommendation.

TCS

Sell the stock in rallies with stop-loss at Rs 892.

Yoganand D.

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