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ICICI Bank

Fresh short-position can be initiated if the stock declines below Rs 900 with a tight stop loss.

Infosys

At higher levels, the stock is experiencing selling pressure. Utilise rallies to sell the stock with stop loss at Rs 1,910.

L&T

The near-term outlook for the stock is bearish. We retain our sell recommendation for the session.

ONGC

Avoid initiating buy or sell position in this counter for the day.

Reliance Capital

We reiterate our sell recommendation.

Reliance Communications

Initiate fresh short-position only if the stock declines below Rs 530 level, with stiff stop loss.

Reliance Industries

After a watchful outlook, the stock moved up in the previous trading session. Initiate fresh long position, only if the stock moves above Rs 2,706.

Satyam Computer

In the last trading session, the stock declined forming a bearish engulfing candlestick pattern, which is a bearish reversal pattern. We recommend a sell.

SBI

The near-term outlook for the stock is cautious. Desist trading in this stock for the day.

TCS

We recommend a buy.

Yoganand D.

BL Research Bureau

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