Business Daily from THE HINDU group of publications
Tuesday, Mar 11, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Tuesday, Mar 11, 2008 ePaper | Mobile/PDA Version |
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Technical Analysis Markets - Recommendation 
ICICI Bank The outlook for the stock is cautious. Desist trading in this stock for the session. Infosys The stock is hovering just above the support level of Rs 1,400. Fresh short-position can be initiated if the stock declined below this support with tight stop-loss. L&T The stock witnessed a steep decline accompanied with heavy volume in the last session. Sell the stock in rallies with stop at Rs 2,874. ONGC The stock has been experiencing selling pressure at around Rs 1,000. Sell the stock if it fails to move above Rs 1,000 level. Reliance Capital Sell the stock in rallies while keeping the stop-loss at Rs 1,435. Reliance Communications We recommend a buy in this counter. Reliance Industries Initiate long position if the stock moves above Rs 2,316 (200-day moving average), with tight stop-loss. Satyam Computer We recommend a sell in this stock. SBI The stock bounced off taking support form the 200-day moving average in the previous session. Fresh long can be initiated if the stock moves above Rs 1,905. TCS We continue with our sell recommendation in this counter. Yoganand D More Stories on : Technical Analysis | Recommendation
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