Business Daily from THE HINDU group of publications Wednesday, Mar 26, 2008 ePaper | Mobile/PDA Version |
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Technical Analysis Markets - Recommendation
ICICI Bank Our short-term outlook for the stock is bullish. We retain our buy recommendation in this counter. Infosys In the last trading session, the stock rallied accompanied with good volume. Buy the stock in dips with stop-loss at Rs 1,405. L&T In line with our anticipation, the stock moved up in the last trading session. We maintain our buy recommendation. ONGC On Tuesday, the stock conclusively made an upward breakout of the sideways trading range. Moreover, the stock is trading well above the 200-day moving average. We recommend a buy. Reliance Capital Sell the stock if it reverses from the resistance level of Rs 1,400 with tight stop-loss. Reliance Communications We recommend a buy. Reliance Industries The 200-day moving average is at Rs 2,340 level for the stock. Initiate fresh long position if the stock moves above Rs 2,340. Satyam Computer As long as the stock trades above Rs 398, the outlook remains positive. Buy the stock in dips with stop loss at Rs 398. SBI Buy the stock in dips with stop loss at Rs 1,680. TCS The stock is experiencing selling pressure at the resistance level of Rs 900. Sell the stock if it fails to move above this resistance level with tight stop-loss. Yoganand D. More Stories on : Technical Analysis | Recommendation
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