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ICICI Bank

Despite the positive close on Wednesday, the short-term down trend continues to be intact. Sell the stock if it fails to move above the second resistance.

Infosys

The stock is moving sideways in a narrow band. Avoid trading in this counter.

L&T

On Wednesday, the stock was choppy and formed a doji. Desist trading in L&T for the session.

ONGC

The up-move on Wednesday is not convincing. Sell the stock if it fails to rally above Rs 1,200.

Reliance Capital

The stock is experiencing selling pressure at higher levels. Sell the stock in rallies with stop loss at Rs 2,420.

Reliance Communications

We maintain our prior sell recommendation in this counter with stop loss at Rs 722.

Reliance Industries

In line with our expectation, the stock declined in the last session. We reaffirm our sell recommendation.

Satyam Computer

The stock is finding support around Rs 400. Buy the stock only when it moves above Rs 412.

SBI

The stock has declined below the 21-day moving average line on Wednesday. We uphold our sell recommendation.

TCS

Sell the stock in rallies with stop loss at Rs 1,030.

Yoganand D.

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