Business Daily from THE HINDU group of publications
Friday, Dec 07, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Friday, Dec 07, 2007 ePaper | Mobile/PDA Version |
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Stocks Markets - Recommendation 
ICICI Bank The stock moved above the 21-day moving average line on Thursday. However, caution is advised until it moves above Rs 1,220. Infosys The stock moved higher accompanied by relatively higher volumes. We revise our recommendation to a buy. L&T We retain our buy recommendation in L&T. ONGC ONGC reversed from the resistance around Rs 1,250 on Thursday. Sell the stock if it fails to move above this level on Friday. Reliance Capital In the last session, the stock fell as expected in our pervious column and has formed a bearish engulfing pattern. We maintain our sell recommendation. Reliance Communications Currently the stock is pausing around Rs 720. Buy the stock in dips with stop loss at Rs 705. Reliance Industries Reliance is trending sideways. Sell the stock if it declines below Rs 2,845. Satyam Computer Sell the stock in rallies with stop loss at Rs 445. SBI The stock has formed a long-legged doji candlestick pattern at its all-time high, which has bearish implications. Sell the stock in rallies with stop loss at Rs 2,439. TCS We retain our prior view that the stock should be bought only if it moves above Rs 1,055. Yoganand D. More Stories on : Stocks | Recommendation
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