Forex

ICICI Bank

The stock is currently facing the resistance at Rs 750. Fresh long-position can be initiated, only if the stock moves above Rs 750, with a tight stop loss.

Infosys

The outlook is cautious for the stock. Avoid trading in this stock for the day.

L&T

In the last trading session, the stock conclusively penetrated its 50-day moving average by jumping by 7 per cent. The relative strength index has entered into the bullish zone. We recommend a buy.

ONGC

The stock has experienced selling pressure at higher levels in the previous trading session. Sell the stock in rallies with tight stop loss at Rs 1,028.

Reliance Capital

In line with our expectation, the stock surged in the last trading session. We retain our buy recommendation in this counter.

Reliance Communications

The stock broke through a key resistance of Rs 500, accompanied with high volume on Wednesday. We re-affirm our buy recommendation.

Reliance Industries

We recommend a buy in this counter.

Satyam Computer

Buy the stock in dips, with stiff stop loss at Rs 370.

SBI

Initiate short-position, if the stock fails to surpass the resistance level of Rs 1,600 with tight stop-loss.

TCS

We recommend a buy with tight stop loss at Rs 847.