Business Daily from THE HINDU group of publications Tuesday, Dec 11, 2007 ePaper | Mobile/PDA Version |
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Stock Markets Markets - Stocks
The stock has moved above the resistance at Rs 1,220. Buy the stock in corrections with a stop at Rs 1,235. InfosysThe stock is just below the 50 day moving average line positioned at Rs 1,780. Buy the stock only when it moves above this resistance. L&TSell the stock in rallies with stop at Rs 4,275. ONGCThe stock has been consolidating sideway for the past two weeks. Buy the stock in dips with stop at Rs 1,141. Reliance CapitalWe maintain our sell recommendation in this stock. Reliance CommunicationsWe note that there is lack of volume support and the stock has reversed from resistance level of Rs 750.We recommend a sell. Reliance IndustriesSell the stock only if it moves below Rs 2,780. Satyam ComputerOn Monday, the stock fell accompanied with good volumes. We retain our sell recommendation. SBIThe stock is struggling at its all-time high. Avoid trading for the session. TCSThe stock has formed a bearish engulfing candlestick pattern. We recommend a sell. Yoganand D. More Stories on : Stock Markets | Stocks
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