Business Daily from THE HINDU group of publications
Wednesday, Feb 27, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Wednesday, Feb 27, 2008 ePaper | Mobile/PDA Version |
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Technical Analysis Markets - Recommendation 
ICICI Bank As long as the stock trades above Rs 1,100, the outlook remains positive. Buy the stock in dips with stop-loss at Rs 1,100. Infosys We maintain our buy recommendation in this counter. L&T The stock is moving up gradually. Initiate fresh long position if the stock moves above Rs 3,562. ONGC The stock lost most of its intra-day gains after testing resistance at Rs 1,048 in the last trading session, and is confined between Rs 1,000 and Rs 1,050. Desist trading on this counter till the stock breaks beyond either side of the trading range. Reliance Capital The stock recorded a choppy movement in the last session. Traders should be cautious at this stage and should avoid initiating positions in this counter for the day. Reliance Communications We recommend a sell in this counter. Reliance Industries We retain our buy recommendation. Satyam Computer Buy the stock in dips with stop at Rs 442. SBI Fresh short position can be initiated if the stock declines below Rs 2,100. TCS We reaffirm our buy recommendation in TCS. Yoganand D. More Stories on : Technical Analysis | Recommendation
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