Business Daily from THE HINDU group of publications
Thursday, Jan 17, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Thursday, Jan 17, 2008 ePaper | Mobile/PDA Version |
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Technical Analysis Markets - Recommendation 
ICICI Bank In the last trading session, the stock recovered from the day’s low and is trading above the key support level of Rs 1,350. We recommend buy in this counter. Infosys The stock has breached its significant support level. We don’t see any signs of reversal. We maintain our sell recommendation. L&T Fresh selling should be initiated only when the stock declines below Rs 3,942. ONGC The stock fell in the last session and formed a spinning top candlestick pattern, indicating indecisiveness. Avoid trading in this stock for the session. Reliance Capital As long as the stock trades above the support level of Rs 2,568, the near-term stance is positive. Buy the stock in dips with stop loss at Rs 2,568. Reliance Communications We recommend a sell. Reliance Industries The stock is in a cautious position. Desist trading for the session. Satyam Computer We continue with our sell recommendation. SBI The stock has been moving sideways in the range of Rs 2,400 and Rs 2,500. Avoid trading for the session. TCS We retain our sell recommendation with stop loss at Rs 972. Yoganand D.
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