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Wednesday, Jan 09, 2008
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Day Trading Guide


ICICI Bank

Contrary to our prior view, the stock fell in the last trading session. However, fresh long should be initiated only when the stock moves above Rs 1,364.

Infosys

The bounce recorded in the stock on Tuesday is not convincing. We maintain our sell recommendation in this counter.

L&T

In line with our anticipation, the stock gained in the last session. We retain our buy recommendation.

ONGC

On Tuesday, ONGC moved up accompanied with good volume. Our short-term outlook remains bullish and we continue with our buy recommendation.

Reliance Capital

We notice hanging man candlestick pattern in the counter, which is a bearish pattern. We recommend a sell with stop loss at Rs 2,730.

Reliance Communications

The stock was volatile in the prior session and formed at doji candlestick pattern. Desist trading in this counter for the session.

Reliance Industries

We uphold our buy recommendation.

Satyam Computer

We see that the stock has formed a bullish harami candlestick pattern which is inconclusive. Do not trade in the stock for the session.

SBI

We reaffirm our buy recommendation.

TCS

We retain our sell recommendation in TCS

Yoganand D.

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