ICICI Bank
We retain our previous view of initiating fresh short-positions if the stock declines below Rs 585, with tight stop-loss.
Infosys
In line with our anticipation, the stock fell in the last trading session. The stock tumbled over 6 per cent in the last two trading sessions, signalling weakness. We retain our sell recommendation.
L&T
Though the stock managed to close positive on Wednesday, it has formed a gravestone doji candlestick pattern that indicates bearish. We recommend a sell in this counter.
ONGC
Sell the stock in rallies with tight stop-loss at Rs 1,100 level.
Reliance Capital
The stock is pausing at around current levels. Avoid trading in this counter for the session.
Reliance Communications
The counter is moving sideways in a narrow range. Buy the stock dips with stiff stop-loss at Rs 360.
Reliance Industries
Initiate fresh long-position if the stock surpasses the Rs 2,075 level with close stop-loss.
Satyam Computer
The stock was volatile and shaped spinning top candlestick pattern with heavy volume on Wednesday. Desist trading in this stock for the day.
SBI
The outlook is cautious for the stock. Avoid trading in this stock for the session.
TCS
The near-term stance is bearish for the stock. We re-affirm our sell recommendation.
- Hindu Business Line
