Business Daily from THE HINDU group of publications
Wednesday, Apr 16, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Wednesday, Apr 16, 2008 ePaper | Mobile/PDA Version | Audio |
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Stocks Markets - Recommendation 
ICICI Bank Fresh long position can be initiated if the stock moves above Rs 822, with tight stop loss. Infosys In the last trading session, the stock jumped up, accompanied with heavy volume. We recommend a buy. L&T Buy the stock in dips with stop-loss at Rs 2,730. ONGC We note that there is an increase in volume for the past two trading session. A bullish engulfing candlestick pattern formed in this counter, which is a reversal pattern. We recommend a buy. Reliance Capital We reaffirm our buy recommendation in this counter. Reliance Communications On Tuesday, the stock surged, accompanied with above average volume, penetrating the 21-day moving average. We recommend a buy. Reliance Industries We maintain our buy recommendation. Satyam Computer The stock is likely to face key resistance at around Rs 460. Desist trading in this stock for the day. SBI Initiate fresh long position, only if the stock moves above Rs 1,700 with stiff stop loss. TCS The outlook for the stock is cautious. Avoid trading in this counter for the session. Yoganand D. BL Research Bureau More Stories on : Stocks | Recommendation
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