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Tuesday, Feb 26, 2008
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Day Trading Guide


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.

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