Mar. 25, 2009 (The Hindu Business Line) --

Negating our prior view, DLF gained 6 per cent in the last trading session. Initiate fresh long-position if DLF surpasses Rs 185, with tight stop-loss. Both ICICI Bank and SBI are testing resistance presently. Fresh long position can be initiated if ICICI Bank breaches Rs 375 and SBI exceeds Rs 1,068, with stiff stop-loss. We recommend a buy on Infosys and L &T. However, we recommend a sell on ONGC, experiencing selling interest. Fresh long position can be initiated if Reliance Capital moves above Rs 365 and Reliance Communications surpasses Rs 1,068, with stiff stop-loss. Buy RIL in dips as long as it trades above Rs 1,500. We recommend a buy on Nifty future with tight stop-loss at 2,956 level.

The analysis and opinion expressed in these columns are based on the technical analysis of the past price behaviour. The stop-loss level provided with the recommendation is important. The original view would stand negated if the stop-loss level is breached. There is a risk of loss in trading