Intra-day: Sell ICICI Bank, Infosys For 25 October , 2007

ICICI Bank
In the last session, the stock met with a resistance at Rs 1,125 and reversed from this level. We see that the stock is losing its near-term bullish momentum. We recommend a sell.

Infosys

In line with our expectation, the stock declined on Tuesday, penetrating the 21-day moving average. We continue with our sell recommendation.

ONGC
On Tuesday, ONGC declined from a key resistance level and formed a bearish engulfing pattern. Sell the stock when it breaches Rs 1,085 level.

Reliance Communications
We reiterate our sell recommendation.

Satyam Computer
The stock was very volatile on Tuesday and reversed from a key resistance level of Rs 489. Sell the stock in rallies with stop at Rs 489.

TCS
We maintain the sell recommendation in TCS.

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