Business Daily from THE HINDU group of publications Tuesday, Feb 26, 2008 ePaper | Mobile/PDA Version |
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Stocks Markets - Recommendation
ICICI Bank The stock formed a bullish hammer candlestick pattern accompanied with good volume on Monday, which indicates short-term bullishness. We recommend a buy in this counter. Infosys Buy the stock in dips with a stop-loss at Rs 1,590. L&T Fresh long position can be initiated if the stock moves above Rs 3,525. ONGC The stock has been range-bound between Rs 1,000 and Rs 1,050 for more than a week. Avoid trading till the stock breaks beyond either side of the trading range Reliance Capital Initiate fresh long position if the stock crosses Rs 1,970. Reliance Communications The outlook for the stock stays cautious. Desist trading in this counter for the day. Reliance Industries In the last trading session, the stock conclusively closed above the 21-day moving average. We recommend a buy. Satyam Computer Buy the stock in dips with stop at Rs 442. SBI Avoid trading in this counter for the session. TCS We maintain our buy recommendation.
Yoganand D. More Stories on : Stocks | Recommendation
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