Nifty Futures (6037): Corrective rally looks likely. Buy on dips if Nifty Futures reverses higher from 6000 levels.

ICICI Bank (₹970): Short-term corrective rally looks possible. Initiate fresh long position with a tight stop-loss.

Infosys (₹3566): Outlook is bearish. Go short with a stop-loss at ₹3,590 if the stock declines below ₹3,550.

Larsen & Toubro (₹983): Initiate fresh short position with a stiff stop-loss if the stock reverses lower from ₹1001.

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

(This article was published on February 4, 2014)
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