Business Daily from THE HINDU group of publications
Friday, Dec 28, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Friday, Dec 28, 2007 ePaper | Mobile/PDA Version |
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Technical Analysis Markets - Recommendation 
ICICI Bank Buy the stock in dips with stop loss at Rs 1,228. Infosys We maintain our cautious view. Fresh long position should be initiated only when it moves above Rs 1,840. L&T Though the stock fell in the last session, we reiterate our buy recommendation. ONGC The stock is still finding it difficult to move above the resistance level of Rs 1,260. Fresh buy should be initiated only when the stock moves above this resistance level. Reliance Capital The near-term trend is positive as long as the stock trades above Rs 2,500. We reaffirm our buy recommendation. Reliance Communications Negating our view, the stock declined in the last session forming a bearish engulfing candlestick pattern. Fresh sell should be initiated if the stock declines below Rs 725 level. Reliance Industries We uphold our buy recommendation in RIL. Satyam Computer Traders should be cautious at current levels. Initiate long position when the stock breaches Rs 465. SBI Buy the stock in dips with stop loss at Rs 2,360. TCS We notice a flag pattern. Fresh buy should be initiated only when the stock moves above Rs 1,120. Yoganand D. More Stories on : Technical Analysis | Recommendation
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