Business Daily from THE HINDU group of publications
Tuesday, Sep 11, 2007
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Business Daily from THE HINDU group of publications Tuesday, Sep 11, 2007 ePaper |
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Stocks Markets - Recommendation
ICICI Bank
The stock is currently moving sideways between Rs 900 and Rs 925. Buy close to the lower boundary at Rs 900. IDBI
IDBI is consolidating around its all-time high. The outlook stays positive. Buy when the stock nears Rs 130. IFCI
IFCI recorded a strong move on Monday, closing at a new life-time high. It has broken past the near term resistance at Rs 72. Buy. Infosys
The stock is struggling to rally above the 50-day moving average positioned at Rs 1,925. Sell the stock in rallies with a stop at Rs 1,900. L&T
It has been moving sideways with low volumes over the last three trading sessions. We recommend a hold in this stock. ONGC
The stock is in a short-term down trend since August 31. Indicators in the daily chart are signalling a sell. Sell the stock as it moves below Rs 828. Reliance Capital
Trading is not recommended as long as this stock is confined between Rs 1,200 and Rs 1,250. Reliance Communication
The stock formed a hammer in the daily candlestick chart on Monday. This implies strength as buying interest is emerging at lower levels. Buy as it moves above Rs 550. Reliance Industries
The stock is struggling with the psychological resistance at Rs 2,000. Buy only on a move above this level. Satyam Computer
The near term outlook for the stock is weakening. We recommend a sell. SBI
Stay with the near-term uptrend. Buy when the stock crosses Rs 1,655. TCS
It declined sharply in the last trading session, forming an evening star in the daily candlestick chart – a reversal pattern with bearish implications. We recommend a sell in TCS. Yoganand. D BL Research Bureau The analysis and opinion expressed in this column 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
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