Business Daily from THE HINDU group of publications Friday, Feb 08, 2008 ePaper | Mobile/PDA Version |
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Stocks Markets - Recommendation
ICICI Bank The stock’s downtrend is likely to prolong. We maintain our sell recommendation in this counter. Infosys The stock has resumed the long-term downtrend by declining consecutively in the past three trading sessions. Sell the stock in rallies with a stop loss at Rs 1,528. L&T In the last trading session, the stock lost almost 4 per cent and is showing signs of bearishness. We recommend a sell in this stock. ONGC The daily momentum indicator has re-entered the bearish zone, indicating weakness. We re-affirm our sell view. Reliance Capital The stock declined accompanied with good volume in the past two days and is currently hovering above key support level. Initiate fresh sales if the stock penetrates Rs 1,835. Reliance Communications The stock is reversing from the resistance at Rs 700. We recommend a sell in this stock. Reliance Industries Sell the stock if it falls below Rs 2,370. Satyam Computer The stock tumbled in the last trading session, penetrating the short-term up trendline as well as the 21-day moving average line. We retain our sell recommendation. SBI Avoid trading in this counter for the session. TCS Sell the stock in rallies with stop loss at Rs 910. Yoganand D. More Stories on : Stocks | Recommendation
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