19JAN TO 23JAN 2009

RELIANCE
Needs to close above 1275 to turn things positive for itself. Inability to move above the current levels or above 1275 would be a cue to go short for the targets of 1070. Longs only on a close above 1275 or long term buy on a decline near 1000 with stop at 900.

INFOSYS
Long only above 1320 for target of 1450. Otherwise go short if fails to close above here. On the other hand, long term buying can be considered at 1100.

SBI
Seems to have lost hope. Though unlikely, holding above 1140 consistently on closing basis could propel it higher in days to come. Staying out of this stock is suggested for the moment. Long term buying is recommended on a decline to 1000 levels.