Business Daily from THE HINDU group of publications
Thursday, Nov 15, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Thursday, Nov 15, 2007 ePaper | Mobile/PDA Version |
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Stocks Markets - Recommendation 
ICICI Bank Our short-term outlook for the stock is bullish. We retain our buy recommendation. Infosys Negating our view, Infosys surged in the last session. The daily RSI has bounced up from oversold region. We change our recommendation to buy. L&T The stock opened with an upward gap and has formed a doji star. Moreover, it is facing key resistance at Rs 4,670. Fresh buy can be initiated when the stock moves above this resistance level. ONGC ONGC moved up contrary to our opinion on Wednesday. Buy the stock in dips with tight stop loss at Rs 1,208. Reliance Capital The stock is trading near the upper boundary of the sideways range of Rs 1,800 and Rs 2,200. Buy the stock when it moves above Rs 2,200 with tight stop loss. Reliance Communications We notice below average volumes in the last session and the stock is facing resistance at Rs 750. Sell the stock if it fails to move above Rs 750. Reliance Industries On Wednesday, RIL conclusively penetrated the strong resistance level of Rs 2,850. The trend is bullish as long as the stock trades above this level. We maintain our buy recommendation. Satyam Computer As anticipated, the stock gained in the previous session and the daily RSI has recovered from the oversold region. We reiterate our buy. SBI The stock has formed a doji star candlestick pattern, with low volumes. Desist trading for the day. TCS Buy the stock in dips with stop loss at Rs 974. Yoganand. D More Stories on : Stocks | Recommendation
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