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ICICI Bank

Contrary to our expectation, the stock gained in the last session and is trading near its all-time high. Fresh buying should be initiated only when the stock moves above Rs 1,157.

Infosys

On October 25, the stock was volatile and formed a doji candle stick, indicating neutral stance. Desist trading for the session.

L&T

In line with our anticipation, the stock has been trending up since October 22. We expect the stock’s near-term up trend to continue and make new high. We recommend a buy.

ONGC

Our outlook for the stock is bearish in the near-term. Sell the stock in the rallies with stop loss at Rs 1,170.

Reliance Capital

Currently the stock is pausing around Rs 1,775 levels. Buy the stock in dips with stop loss at Rs 1,760.

Reliance Comm

We see that the short-term up trend is losing its momentum. Sell the stock when it declines below Rs 738.

Reliance Industries

RIL is currently facing key resistance around Rs 2,724 level. Sell the stock only when it reverses from this resistance level.

Satyam Computer

Sell the stock with stop loss at Rs 470, which is a strong resistance level.

SBI

The near-term stance for the stock remains positive. We recommend a buy in this stock.

TCS

The stock has penetrated the 21-day moving average and is declining. We expect the stock’s near-term downtrend to continue. We recommend a sell.

Yoganand D.

BL Research Bureau

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