Nifty Futures: Chances are bright for a rebound. Take a fresh short position only if Nifty futures declines below 6,000.

Reliance Industries: Initiate a fresh short position with a stop-loss at Rs 868 if the stock declines below Rs 845.

ICICI Bank: Initiate a fresh short position now and on rallies to Rs 1,050 with a stop-loss at Rs 1,070.

Infosys: Wait for rallies and construct a fresh short position near Rs 3,400 with a stop-loss at Rs 3,435.

(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)

(This article was published on November 21, 2013)
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