Business Daily from THE HINDU group of publications
Thursday, Sep 27, 2007
ePaper
Business Daily from THE HINDU group of publications Thursday, Sep 27, 2007 ePaper |
|
|
|
|
|
|
|
|
|
|
|
Home Page
-
Stocks Markets - Recommendation
ICICI Bank The stock has penetrated the resistance level of Rs 1,010 in the last trading session and has marked a new life time high. We recommend a buy. Infosys The stock reversed from the support at Rs 1,750 on Wednesday. The morning star pattern in the daily chart implies a short-term reversal. We maintain our buy recommendation. L&T L&T is facing minor resistance around Rs 2,950. But a sell is recommended only if the stock falls below Rs 2,800. ONGC The stock is facing strong resistance at Rs 950 and is likely to move sideways. We maintain our previous recommendation that fresh longs should be initiated only if the stock moves beyond Rs 950. Reliance Capital As anticipated the stock has declined in the last trading session. We reiterate our sell recommendation. Reliance Communications We notice a flag pattern in RCom. We believe the stock will resume its up move. Buy when it reverses from Rs 582. Reliance Industries RIL lost Rs 77 in the last session. The bearish engulfing candlestick pattern accompanied by good volumes and the short-term oscillators correcting from overbought levels indicate a near term reversal. We recommend a sell with a stop at Rs 2,430. Satyam Computer The stock bounced up in the last trading day is currently testing the 21-day moving average. Buy only when the stock moves above Rs 440. SBI Negating the evening star pattern, the stock has marked a new high of Rs 1,876. Since the stock is moving sideways, wait for a move above Rs 1,880 before buying the stock. TCS After finding support at Rs 1,000, the stock gained Rs 38 backed by heavy volume. With this, the stock has closed above the 21-day moving average. We recommend a buy. Yoganand D. Bl Research Bureau More Stories on : Stocks | Recommendation
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2007, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|
