Business Daily from THE HINDU group of publications
Friday, Apr 11, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Friday, Apr 11, 2008 ePaper | Mobile/PDA Version |
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Technical Analysis Markets - Recommendation 
ICICI Bank The stock is currently pausing around Rs 800 levels. Avoid trading in this counter. Infosys The stock is experiencing selling pressure at higher levels. Sell the stock in rallies with stop loss at Rs 1,498. L&T The stock is in a corrective pullback rally. Utilise rallies to sell the stock with stiff stop loss at Rs 2,750. ONGC The stock is still consolidating within the narrow range. Desist trading in this counter. Reliance Capital We maintain our buy recommendation in this counter with stop loss at Rs 1,200. Reliance Communications Our short-term outlook for the stock is bearish. We recommend a sell in this stock. Reliance Industries The outlook remains positive as long as the stock trades above Rs 2,400. We retain our buy recommendation. Satyam Computer We reaffirm our sell recommendation. SBI Fresh short-position can be initiated if the stock declines below Rs 1,647 with tight stop loss. TCS Negating our prior view, the stock moved up in the last trading session. Initiate long position, only if the stock moves above Rs 910. Yoganand D. BL Research Bureau (The analysis and opinion expressed in these columns are based on the technical analysis of the past price behaviour. The stop-loss level provided with the recommendation is important. The original view would stand negated if the stop-loss level is breached. There is a risk of loss in trading)More Stories on : Technical Analysis | Recommendation
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