We recommend a sell in the stock with stop-loss at Rs 369 levels.
ICICI Bank
The stock fell by two per cent witnessing selling pressure on Wednesday. We recommend a sell with fixed stop at Rs 1,120 levels.
Infosys
Fresh long position can be initiated only if the stock advances above Rs 3,004 levels with stiff stop-loss.
L&T
Make use of rallies to sell the stock while maintaining stop-loss at Rs 2,030 levels.
ONGC
We reiterate our sell recommendation in ONGC as the near-term stance is negative.
Reliance Capital
Initiate fresh long position if Reliance Capital climbs above Rs 855 levels with rigid stop-loss.
Reliance Communications
After initial decline, the counter rebounded 3.6 per cent last session, with above average volume. We recommend a buy with stiff stop-loss at Rs 180 levels.
Reliance Industries
In the last trading session, the stock was volatile and formed spinning top candlestick pattern implying indecisiveness. Desist trading in the stock for the session.
SBI
Fresh long position is recommended only if SBI surges above Rs 3,214 levels with tight stop-loss.
Nifty Futures
Initiate fresh short position only if Nifty Futures declines below its key short-term support at 6005 levels, with tight stop-loss.
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