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ICICI Bank

We retain our sell recommendation in this counter.

Infosys

The stock is experiencing selling pressure at higher level. Fresh short-position can be initiated, if the stock declines below its 50-day moving average at Rs 1,680, with tight stop loss.

L&T

In line with our expectation, the stock declined in the last trading session, accompanied with above-average volume. We re-affirm our sell recommendation.

ONGC

The stock has formed a spinning-top candlestick pattern, representing indecisiveness. Avoid trading in this counter for the session.

Reliance Capital

The stock is moving sideways in a narrow range. Desist trading in this counter for the day.

Reliance Communications

Sell the stock in rallies, with tight stop-loss at Rs 409.

Reliance Industries

The stock has conclusively penetrated the 50-day moving average by declining 3 per cent with heavy volume on Thursday. We reiterate our sell recommendation in this stock.

Satyam Computer

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

SBI

Initiate fresh short-position, only if the stock declines below Rs 1,280, with stiff stop-loss.

TCS

The near-term outlook is negative for the stock. We recommend a sell.

Yoganand D.

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