Business Daily from THE HINDU group of publications
Friday, Mar 28, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Friday, Mar 28, 2008 ePaper | Mobile/PDA Version |
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Stocks Markets - Recommendation 
ICICI Bank Sell the stock in rallies with stop-loss at Rs 878. Infosys The stock is experiencing a key resistance at around Rs 1,500. Initiate sell position only if the stock reverses from this resistance level. L&T In the last trading session, the stock declined and has appears to resumed its downtrend. We recommend a sell. ONGC We reaffirm our buy recommendation in this counter. Reliance Capital Fresh long-position can be initiated only if the stock moves above Rs 1,354. Reliance Communications Buy the stock in dips with stop at Rs 513. Reliance Industries On Thursday, the stock was choppy and has formed a spinning top candlestick pattern, which indicates indecisiveness. The volatility is likely to continue. Desist trading in this stock for the session. Satyam Computer We recommend a sell. SBI Negating our view, the stock fell in the last session accompanied with high volume. The significant support for the stock is at around Rs 1,600. Avoid trading in this stock as the outlook is cautious. TCS Make use of rallies to sell the stock with stop-loss at Rs 880. Yoganand D. More Stories on : Stocks | Recommendation
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