Business Daily from THE HINDU group of publications
Friday, Nov 16, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Friday, Nov 16, 2007 ePaper | Mobile/PDA Version |
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Stocks Markets - Recommendation 
ICICI Bank The stock is pausing currently. Buy in dips with stop loss at Rs 1,186. Infosys The stock is likely to move sideways. Sell the stock when it declines below Rs 1,638 level. L&T L&T is still facing key resistance at Rs 4,670. We maintain our view that fresh buys can be initiated when the stock moves above this resistance level. ONGC The medium-term uptrend is still in place. We witness an increase in volumes in the last session. We recommend a buy. Reliance Capital On Thursday, the stock decisively broke out of the sideways trading range and recorded life-high in line with our anticipation. We continue with our buy recommendation. Reliance Communications Sell the stock when it fails to rally above Rs 750. Reliance Industries As long as the stock trades above Rs 2,850 levels the trend will remain positive. We sustain our buy recommendation. Satyam Computer Sell the stock in rallies with stop loss at Rs 440. SBI The stock appears to be reversing its direction by forming a bearish engulfing pattern in the last session. We recommend a sell in SBI TCS Stock has formed a spinning top candlestick pattern, indicating neutral stance on Thursday. Avoid trading for the session. Yoganand D. More Stories on : Stocks | Recommendation | Personal Products
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