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Note: In a buy recommendation, the resistances would be the targets and the nearest support would be the stop loss; In a sell recommendation, the supports would be the targets and the nearest resistance would be the stop loss; The recommendation would be valid for the day only; LTP - Last traded price

Utilise rallies to sell the stock of DLF with stiff stop-loss at Rs 380. Fresh short-position can be initiated if ICICI Bank declines below Rs 880 and SBI slips below Rs 2270, while maintaining tight stop-loss. We recommend a buy in Infosys. L&T is pausing around Rs 1,650-levels, utilise dips to buy with fixed stop at Rs 1,620. Initiate fresh short-position if ONGC dives below Rs 1,140 and Reliance Capital falls below Rs 795, with stiff stop. Make use of dips to buy Reliance Communications with stop-loss at Rs 169. We re-affirm our buy recommendation in RIL with stop-loss at Rs 2,070. The near-term outlook remains positive as long as Nifty futures trades above 4917-level. We recommend a buy with tight stop at 4917.

Yoganand D.

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