Business Daily from THE HINDU group of publications
Tuesday, Nov 27, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Tuesday, Nov 27, 2007 ePaper | Mobile/PDA Version |
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Stocks Markets - Recommendation 
ICICI Bank In the last session, the stock lost most of its initial gains and is facing resistance at Rs 1,207. Sell the stock in rallies with stop-loss at Rs 1,210. Infosys Daily momentum indicators are portending a short-term rally. We recommend a buy in Infosys. L&T Though the stock gained with an upside gap on Monday, it has formed a doji pattern indicating neutral stance. Desist trading for the session. ONGC The stock continues to be in a short-term down trend. Sell the stock when it reverses from Rs 1,240. Reliance Capital The stock is still confined between Rs 2,100 and Rs 2,400. We maintain our prior view of staying away from this counter till it breaks out of either direction. Reliance Communications Our short-term outlook for the stock is bearish. Sell the stock in rallies with stop loss at Rs 720. Reliance Industries The stock is approaching the resistance zone between Rs 2,900 and Rs 2,950. Fresh longs are recommended only on a penetration of this level. Satyam Computer Buy the stock in dips with stop loss at Rs 413. SBI SBI is moving sideways in the range of Rs 2,200- Rs 2,350. Avoid trading in the stock until the near-term trend becomes evident. TCS Fresh long position should be initiated only when the stock moves above Rs 1,000. Yoganand D. More Stories on : Stocks | Recommendation
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