Business Daily from THE HINDU group of publications Thursday, Jan 10, 2008 ePaper | Mobile/PDA Version |
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Stocks Markets - Recommendation
The stock is forming a flag pattern, which is a continuation pattern. Fresh long should be initiated only when the stock moves above Rs 1,334 level. Infosys The stock is struggling to move above its 50-day moving average. Sell the stock in rallies with a stop loss at Rs 1,710. L&T We maintain our buy recommendation in L&T. ONGC The short-term outlook remains bullish, we continue with our buy recommendation. Reliance Capital The stock reversed strongly on Wednesday and recorded a new high. We revise our recommendation to buy. Reliance Communications Accompanied with good volumes, the stock marked a new high. We recommend a buy in this stock. Reliance Industries The stock is pausing at higher levels. We retain our buy recommendation. Satyam Computer Sell the stock in rallies with stop loss at Rs 444. SBI The stock has formed a candlestick pattern, which is almost a gravestone doji pattern. We modify our recommendation to ‘avoid trading’ as we notice selling at higher levels. TCS We retain our sell recommendation in this counter. Yoganand D.
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