Business Daily from THE HINDU group of publications
Thursday, Oct 11, 2007
ePaper
Business Daily from THE HINDU group of publications Thursday, Oct 11, 2007 ePaper |
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Stocks Markets - Recommendation 
ICICI Bank The stock is close to a near term resistance at Rs 1,076. Sell the stock if it reverses from this level. Infosys The outlook for the stock stays positive as long as it remains above Rs 2,030. Do not initiate fresh longs if Infosys falls below this level. L&T The stock moved higher in the last session, with good volumes. Buy the stock with a stop loss at Rs 3,270. ONGC We expect the stock to make a new life time high. We reiterate our buy recommendation. Reliance Capital The stock is reversing from the near-term resistance at Rs 1,780. Sell the stock with a stop loss at Rs 1,850. Reliance Comm A near term correction is likely as the daily momentum indicator has touched the overbought region. We recommend a sell. Reliance Ind RIL is pausing at a new record high. Fresh purchases are recommended only if the stock moves beyond Rs 2,700. Satyam Computer The up-trend continues in this stock. However, do not initiate fresh purchases if the stock price falls below Rs 470. SBI As anticipated, the stock gained in the last session with good volumes. We reiterate our buy recommendation. TCS The stock broke out of its short-term trading range on Wednesday. Buy the stock with a stop loss at Rs 1,100. Yoganand D. BL Research Bureau Note: In a buy recommendation, the resistances would be the targets and the nearest support would be the stop loss; In a sell recommendation, the supports would be the targets and the nearest resistance would be the stop loss; The recommendation would be valid for today’s trading only. More Stories on : Stocks | Recommendation
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