Business Daily from THE HINDU group of publications
Thursday, Feb 07, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Thursday, Feb 07, 2008 ePaper | Mobile/PDA Version |
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Stocks Markets - Recommendation 
ICICI Bank The stock is witnessing selling pressure at higher levels. Sell the stock in rallies with stop loss at Rs 1,190. Infosys Negating our prior view, the stock tumbled penetrating the 50-day moving average. We change our view and recommend sell. L&T We see that the stock is consolidating sideways. We recommend the day trades to avoid trading in this counter till it shows signs of trending. ONGC In last session, ONGC lost its intra-day gains and it is experiencing selling pressure at around Rs 1,100. Sell the stock in rallies while keeping the stop loss at Rs 1,100. Reliance Capital Fresh selling can be initiated if the stock declines below Rs 1,910 level. Reliance Communications Buy the stock in dips with stop loss at Rs 657. Reliance Industries The stock has formed a doji candlestick pattern in the last session, indicating neutral stance. Desist trading in this counter for the session. Satyam Computer On Wednesday, the stock fell penetrating the 50-day moving average line. We retain our sell recommendation. SBI We maintain our sell recommendation. TCS Contrary to our opinion, the stock opened with a gap down and experienced selling pressure in the last session. Sell the stock in the rallies while keeping stop loss at Rs 926. Yoganand D.More Stories on : Stocks | Recommendation | Real Estate & Construction
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