Business Daily from THE HINDU group of publications
Friday, Dec 14, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Friday, Dec 14, 2007 ePaper | Mobile/PDA Version |
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Stocks Markets - Recommendation 
ICICI Bank After finding resistance around Rs 1,300, the stock had a steep fall in the last session. We recommend a sell. Infosys In line with our anticipation, the stock declined on Thursday. We retain our sell recommendation. L&T The stock is still in a sideways consolidation between Rs 4,200 and Rs 4,400. Fresh sell position should be initiated only when the stock declines below Rs 4,200. ONGC The stock reversed downward on Thursday. Fresh longs should be initiated only if the stock moves above Rs 1,270. Reliance Capital We retain a positive near-term outlook as long as the stock trades above Rs 2,400. Buy the stock in corrections with a stop loss at Rs 2,370. Reliance Communications The stock lost all its initial gains in the last session. We see selling pressure at higher levels. Desist trading in this counter for the session. Reliance Industries The stock has been trading within a narrow range since beginning of this month. We recommend a sell. Satyam Computer We maintain our sell recommendation. SBI The stock is consolidating near its all-time high. Avoid trading in this counter for the day. TCS On Thursday, the stock declined and formed a bearish engulfing candlestick patter. Sell the stock in rallies with stop loss at Rs 1,042. Yoganand D. More Stories on : Stocks | Recommendation
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