Business Daily from THE HINDU group of publications
Friday, Nov 23, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Friday, Nov 23, 2007 ePaper | Mobile/PDA Version |
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Stocks Markets - Recommendation 
ICICI Bank ICICI Bank reversed from the key support at Rs 1,100. Buy the stock with a stop loss at Rs 1,070. Infosys Chart patterns indicate weakness. We retain our sell recommendation. L&T L&T breached the Rs 4,000 level on Thursday. The stock can decline further. We revise our recommendation to sell. ONGC ONGC moved lower as per our anticipation. We retain our sell recommendation. Reliance Capital Reliance Capital staged a brilliant recovery in the last session. However, traders are advised to stay away from this counter while the stock moves in the band between Rs 2,100 and Rs 2,400. Reliance Communications Further decline is likely in Reliance Communications. Sell the stock in intra-day rallies as long as it trades below Rs 680. Reliance Industries RIL is trying to stage a recovery. However, weakness in momentum indicators belies this strength. Desist from trading in the stock until the near-term trend becomes apparent. Satyam Computers We retain the view that fresh shorts should be initiated only when the support at Rs 400 is breached. SBI Though SBI reversed smartly on Thursday, fresh longs should be initiated only when the stock moves above Rs 2,400. TCS The near-term trend is not clear. Do not trade in TCS for the day. BL Research Bureau More Stories on : Stocks | Recommendation
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