Reliance might be under some pressure after a decent gain today. Short sellers might return back to the Realty counters after a bad day yesterday.Avoid Realty, Auto and Metal stocks for now. Dr. Reddy's stock might witness some selling this morning after the news that its consignment worth Rs 24 Crores is seized by the authorities in Netherlands, citing patent infringement.The stock will likely test the Rs 450 level and might even slide further.
The results on TCS are not likely to be anywhere close to Infosys. We advice short term investors to book profits at current levels of Rs 540, and long term investors should continue to hold the scrip