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Tuesday, Dec 11, 2007
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ICICI Bank

The stock has moved above the resistance at Rs 1,220. Buy the stock in corrections with a stop at Rs 1,235.

Infosys

The 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&T

Sell the stock in rallies with stop at Rs 4,275.

ONGC

The stock has been consolidating sideway for the past two weeks. Buy the stock in dips with stop at Rs 1,141.

Reliance Capital

We maintain our sell recommendation in this stock.

Reliance Communications

We note that there is lack of volume support and the stock has reversed from resistance level of Rs 750.We recommend a sell.

Reliance Industries

Sell the stock only if it moves below Rs 2,780.

Satyam Computer

On Monday, the stock fell accompanied with good volumes. We retain our sell recommendation.

SBI

The stock is struggling at its all-time high. Avoid trading for the session.

TCS

The stock has formed a bearish engulfing candlestick pattern. We recommend a sell.

Yoganand D.

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