Business Daily from THE HINDU group of publications Tuesday, Sep 25, 2007 ePaper |
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Stocks Markets - Recommendation
ICICI Bank The stock is trading just below the key resistance level of Rs 1,010. We recommend a buy only when the stock moves above Rs 1,010. Infosys After declining by Rs 58 on Monday, the stock is hovering above the support of Rs 1,750. We continue with our sell recommendation. L&T The stock made a new high and the near term outlook remains positive. We recommend a buy. ONGC The stock has formed a hanging man candlestick pattern in the last trading session. The daily momentum indicators have reached overbought levels. Coupling these, we recommend a sell. Reliance Capital Though the stock is making new high and the bullish momentum continues, we notice that the daily momentum indicator has reached the over-bought level. Buy in dips with a tight stop loss. Reliance Communications The bullish momentum is likely to continue further. We recommend a buy on this stock. Reliance Industries RIL continues to be an out-performer. Buy once the stock rallies above Rs 2,375. Satyam Computer The bearish momentum continues. We recommend a sell in this stock. SBI The stock has formed a doji on Monday. Our view on this stock is neutral. Desist from trading in this stock for the day. TCS Sell the stock with a stop at Rs 1,020. Yoganand. D
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