Business Daily from THE HINDU group of publications Thursday, Nov 22, 2007 ePaper | Mobile/PDA Version |
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Stocks Markets - Recommendation
ICICI Bank The stock is halting above the key support at Rs 1,100. Fresh shorts should be initiated only if the stock moves below this level. InfosysInfosys continues to drift lower. We retain our sell recommendation. L&TThe stock is approaching the key support at Rs 4000. Buy the stock on a reversal from this level. ONGCONGC is expected to move lower. We recommend a sell. Reliance CapitalReliance Capital recovered from lower levels on Wednesday. Fresh shorts are advisable only if the stock falls below Rs 2100. Reliance CommunicationsThe stock is halting above the 50 day moving average line at Rs 680. Sell the stock only if this support is breached. Reliance IndustriesThe stock can move lower towards Rs 2,600. We retain our sell recommendation. Satyam ComputersSatyam is nearing the support around Rs 400. Fresh shorts should be initiated only when this support is breached. SBIWe retain our sell recommendation in SBI. TCSSell the stock if it falls below Rs 940. Yoganand D.More Stories on : Stocks | Recommendation
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