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ICICI Bank

Fresh long-position can be initiated, if the stock moves above Rs 635 with tight stop-loss.

Infosys

On Wednesday, the stock breached the resistance level Rs 1,800 by jumping up by 6 per cent, accompanied with above-average volume. Buy the stock in dips with stop-loss at Rs 1,800.

L&T

Buy the stock in declines with stiff stop loss at Rs 2,260.

ONGC

Contrary to our prior view, the stock moved up by 8 per cent in the last trading session. Initiate fresh long-position, only if the stock moves above Rs 870 level with tight stop loss.

Reliance Capital

Initiate fresh short-position, if the stock fails to surpass the resistance level of Rs 1,000.

Reliance Communications

The stock bounced up taking support at around Rs 400 level on Wednesday. We recommend a buy.

Reliance Industries

We recommend a buy in this counter for the day.

Satyam Computer

The stock conclusively broke through the down trendline in the last trading session. The relative strength index has entered the neutral region from the bearish zone. We recommend a buy.

SBI

Desist trading in this counter for the session.

TCS

We recommend a buy, with stop loss at Rs 858.

Yoganand D.

BL Research Bureau

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