Business Daily from THE HINDU group of publications
Wednesday, Nov 21, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Wednesday, Nov 21, 2007 ePaper | Mobile/PDA Version |
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Stocks Markets - Recommendation 
ICICI Bank We maintain our sell recommendation. Infosys In line with our anticipation, the stock declined in the last session, with an increase in volumes. Sell the stock in rallies with stop loss at Rs 1,600. L&T The stock is trading range bound between Rs 4,300 and Rs 4,500 and the near-term outlook is weak. We reiterate our sell recommendation. ONGC Negating our view, the stock declined on Tuesday and is testing the support level of Rs 1,200. Fresh sell can be initiated when the stock declines below this support level. Reliance Capital On Tuesday, the stock fell contrary to opinion from its life high. The correction is likely to continue, sell the stock in rallies with tight stop loss of Rs 2,338. Reliance Communications We retain our sell recommendation. Reliance Industries Sell the stock when it falls below Rs 2,737 level with tight stop-loss. Satyam Computer The daily momentum indicator is featuring in the bearish region. Sell the stock in rallies. SBI We recommend a sell. TCS The short-term stance for the stock is bearish. We recommend a sell with stop loss at Rs 974 Yoganand D. More Stories on : Stocks | Recommendation
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