1. Reliance Industries will determine the course of Indian stock market as it has more than 13% weightage in the indexes. Wait for its results on 23 Oct to give direction for market. Reliance has a strong support at Rs 1,270 and stock will face stiff resistance at Rs 1,420-1,460 levels. However it is very likely that Reliance Industries will be seeing a downtrend.
2. ONGC is likely to perform better and thus one can add ONGC around the level of Rs 820-835.
3. Kotak Securities has given a 'buy' rating on SBI and has projected a target of Rs 1,70o.
4. Even Karvy Stock Broking has a 'buy' rating on Infosys, with a 8-12 month target price of Rs 2,000. However point to note is that Infosys will face resistance at Rs 1,350-1,400 level and thus one can keep an eye on these levels.
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