Business Daily from THE HINDU group of publications
Thursday, Mar 13, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Thursday, Mar 13, 2008 ePaper | Mobile/PDA Version |
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Technical Analysis Markets - Recommendation 
ICICI Bank Sell the stock in rallies with stop-loss at Rs 915. Infosys Our short-term outlook for the stock is bearish. We retain our sell recommendation. L&T The stock is experiencing selling pressure at higher levels. Sell the stock while keeping the stop-loss at Rs 3,000. ONGC The outlook for the stock is cautious. Desist trading in this counter for the session. Reliance Capital As long as the stock trades above Rs 1,400 level, the outlook remains positive. Buy the stock in dips with stop loss at Rs 1,400. Reliance Communications Negating our view, the stock declined in the last session and has formed a bearish engulfing candlestick pattern. The daily momentum indicator has re-entered the bearish zone. We change our recommendation to sell. Reliance Industries We maintain our buy recommendation in this counter. Satyam Computer In line with our expectation, the stock declined in the last trading session. We reiterate our sell recommendation. SBI Sell the stock in rallies with stop-loss at Rs 1,890. TCS We recommend a sell. Yoganand D.
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