Business Daily from THE HINDU group of publications
Tuesday, Feb 05, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Tuesday, Feb 05, 2008 ePaper | Mobile/PDA Version |
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Technical Analysis Markets - Stocks 
ICICI Bank The stock is experiencing selling pressure at higher levels. Sell the stock in rallies with stop at Rs 1,290. Infosys The stock price moved above the 50-day moving average line accompanied with good volume in the last session. We recommend a buy. L&T Significant resistance for the stock is present at Rs 3,900. Sell the stock if it reverses from this resistance. ONGC The stock has formed a gravestone doji candlestick pattern that denotes selling pressure at higher levels, in the last session. We recommend a sell in this counter. Reliance Capital The stock is range bound between Rs 1,900-2,100. Desist trading in this stock for the session. Reliance Communications On Monday, the stock conclusively penetrated the resistance level at Rs 670.We recommend a buy. Reliance Industries Fresh long position can be initiated if the stock moves above Rs 2,643. Satyam Computer At Rs 448 the 200-day moving average line is acting as resistance. Sell the stock in rallies with stop at Rs 448. SBI Avoid trading in this counter of the session. TCS Buy the stock in dips with stop at Rs 953. Yoganand D.
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