Business Daily from THE HINDU group of publications
Wednesday, Dec 05, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Wednesday, Dec 05, 2007 ePaper | Mobile/PDA Version |
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Stocks Markets - Recommendation 
ICICI Bank We maintain our sell recommendation. Infosys Initiate fresh long position only when the stock moves above Rs 1,633. L&T The near-term trend is sideways in the range of Rs 4,100-Rs 4,300. Avoid trading in this stock until it breaks of the range. ONGC The short-term downtrend in the stock is intact. We reiterate our sell recommendation. Reliance Capital The stock has formed a doji star pattern at its life high in the last session, indicating a bearish sign. We recommend a sell with stop loss at Rs 2,525 Reliance Communications The stock is still above the 21-day moving average line. Buy the stock when it reverses from Rs 697. Reliance Industries Fresh short position should be initiated only when the stock declines below Rs 2,830. Satyam Computer Following a near-term rally, the stock has formed a bearish engulfing candlestick pattern — a reversal pattern. We change our recommendation to sell. SBI We sustain our prior view that the near-term is not clear in this stock and it has once again formed doji candle in the last session. Avoid trading for the day. TCS Contrary to our view, the stock declined in the last session. Sell the stock only when it reverses from Rs 1,050 with tight stop. Yoganand D. More Stories on : Stocks | Recommendation | Textiles
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