Business Daily from THE HINDU group of publications
Wednesday, Sep 19, 2007
ePaper
Business Daily from THE HINDU group of publications Wednesday, Sep 19, 2007 ePaper |
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Stocks Markets - Recommendation 
ICICI Bank The stock has key resistance at Rs 932. Buying is recommended only if the stock moves above this level with strong volumes. Infosys The stock formed a doji denoting indecision. Trading is not recommended in this stock for the day. L&T The stock moved up from the support at Rs 2,510 on Tuesday. We recommend buying the stock as it nears this support again. ONGC ONGC is positioned just below its short-term resistance at Rs 853. Sell the stock if it fails to rise above this resistance. Reliance Capital The stock broke out of the flag pattern in line with our expectation. The outlook remains bullish. We maintain a buy on this stock. Reliance Communications The stock found support around Rs 530 and is likely to resume the up trend. Buy the stock close to the support at Rs 526. Reliance Industries The stock is trading at its life time high. We do not see any signs of reversal. Buy in corrections as long as the stock trades above Rs 2,000. Satyam Computer The stock is struggling hard to move up. The near term continues to be bearish. We maintain our sell recommendation. SBI The stock is moving sideways with an upward bias. We reiterate our buy recommendation on this stock. TCS TCS is halting above the key support at Rs 1,000. Buy with a tight stop at Rs 985. Yoganand D. (The analysis and opinion expressed in these columns 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)More Stories on : Stocks | Recommendation
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