Business Daily from THE HINDU group of publications Thursday, Nov 29, 2007 ePaper | Mobile/PDA Version |
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Stocks Markets - Recommendation
ICICI Bank The stock is hovering near the 50-day moving average line. Fresh selling should be initiated only when the stock declines below Rs 1,100. Infosys The stock is losing momentum. Volumes are also extremely thin. We revise our recommendation to sell. L&T Sell the stock in rallies with stop loss at Rs 4,250. ONGC In line with our expectation, the stock declined in the last trading session. We continue with our sell recommendation. Reliance Capital The stock has been moving sideways for the past four trading sessions with low volumes. It is also losing momentum. We recommend a sell. Reliance Communications We retain our sell recommendation in this stock. Reliance Industries Short-term trend is not clear in this stock, we await further market action. Desist trading for the session. Satyam Computer Buy the stock in dips with stop loss at Rs 410. SBI SBI is struggling to surpass the resistance level of Rs 2,300. Sell the stock in rallies with tight stop loss at Rs 2,350. TCS The significant support for the stock is at Rs 950 levels. Consider buying when the stock reverses from this support level. Yoganand D. More Stories on : Stocks | Recommendation
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