he outlook remains positive as long as DLF trades above Rs 245 level. We recommend a buy with tight stop at Rs 245. The near-term outlook is bullish for ICICI Bank and SBI. We recommend a buy in these two counters. Fresh short position can be initiated if Infosys declines below Rs 1,350 with tight stop-loss. We recommend a buy in L&T and Reliance Capital. We notice formation of hanging man candlestick pattern in Reliance Communications. Fresh short-position can be initiated if the stock declines below Rs 224, with stiff stop. Desist trading in ONGC and RIL for the session. The near-term outlook is cautious for Nifty futures. Avoid trading in Nifty futures for the session.
