Business Daily from THE HINDU group of publications
Wednesday, Mar 05, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Wednesday, Mar 05, 2008 ePaper | Mobile/PDA Version |
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Stocks Markets - Recommendation
ICICI Bank In line with our expectations, the stock declined in the last trading session accompanied with high volume. Moreover, the stock broke though the key support level of Rs 1,000. We maintain our sell recommendation. Infosys We retain our sell recommendation in this counter. L&T The outlook for the stock is cautious. Hence, desist trading for the session. ONGC Sell the stock in rallies with stop-loss at Rs 985. Reliance Capital The stock has conclusively closed below the 200-day moving average on Tuesday. Fresh short position can be initiated, if the stock declines below Rs 1,500. Reliance Communications We continue with our sell recommendation. Reliance Industries On Tuesday, the stock breached the 200-day moving average. The daily momentum indicator is featuring in the bearish zone. We recommend a sell. Satyam Computer The stock is trading just above a key support level of Rs 400. Avoid initiating positions in this counter for the day. SBI Sell the stock in rallies with tight stop-loss at Rs 1,925. TCS The stock is likely to consolidate sideways. Desist trading in TCS for the session. Yoganand.D More Stories on : Stocks | Recommendation
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