Business Daily from THE HINDU group of publications Friday, Apr 25, 2008 ePaper | Mobile/PDA Version | Audio |
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Stocks Markets - Recommendation
ICICI Bank Buy the stock in dips with stop loss at Rs 850. Infosys Fresh long position can be initiated if the stock moves above Rs 1,710 level with stiff stop loss. L&T In the last trading session, the stock formed a doji candlestick pattern. Desist trading in this counter for the day. ONGC Negating our prior view, the stock declined in the last trading session. Sell the stock if it fails to move above Rs 1,040 level. Reliance Capital In line with our expectation, the stock declined in the previous trading day. We retain our sell recommendation. Reliance Communications The stock tumbled penetrating the 50-day moving average on Thursday. We change our recommendation to sell. Reliance Industries On Thursday, the stock was choppy and shaped a doji candlestick pattern. Avoid initiating the buy or sell positions. Satyam Computer Initiate fresh short position only if the stock declines below Rs 431 with tight stop loss. SBI Desist trading in this counter as the outlook is still cautious. TCS We uphold our sell recommendation. Yoganand D. More Stories on : Stocks | Recommendation
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