Business Daily from THE HINDU group of publications
Wednesday, Jan 23, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Wednesday, Jan 23, 2008 ePaper | Mobile/PDA Version |
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Stocks Markets - Recommendation 
ICICI Bank In the last session, the stock made a good fight back from the intra-day low by recovering most of its losses. Fresh long position should be initiated only if the stock moves above Rs 1,150. Infosys The stock has bounced up from a support level at around Rs 1,212 in the last session accompanied by good volume. The daily momentum indicator has gone deep into the oversold region. Fresh buy should be initiated if the stock moves above Rs 1,425. L&T Buy the stock in dips with tight stop loss at Rs 3,600. ONGC In the past two trading session, the stock has tumbled almost 20 per cent. The momentum indicator has moved into oversold region. Buy the stock in dips with tight stop loss at Rs 900. Reliance Capital On Tuesday, the stock formed a hammer candlestick pattern, a bullish candlestick pattern. We recommend a buy. Reliance Communications We recommend a buy in this counter. Reliance Industries Our near-term outlook for the stock is bullish. We change our recommendation to buy. Satyam Computer Buy the stock in dips with stop loss at Rs 330. SBI Avoid trading in this counter of the session. TCS Fresh long position should be initiated if the stock moves above Rs 835. Yoganand D. More Stories on : Stocks | Recommendation
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