Business Daily from THE HINDU group of publications
Tuesday, May 13, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Tuesday, May 13, 2008 ePaper | Mobile/PDA Version | Audio |
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Technical Analysis Markets - Recommendation 
ICICI Bank Buy the stock with tight stop at Rs 862 level. Infosys Fresh long position can be initiated only if the stock moves above Rs 1,800 level, with stiff stop-loss. L&T On Monday, the stock opened with a downward gap and closed the gap by rallying. Our near-term outlook for the stock is bullish. We recommend a buy in this counter. ONGC The stock is consolidating in a narrow range. Desist trading in this counter for the day. Reliance Capital We recommend a buy in this counter with stop at Rs 1,287. Reliance Communications In the last trading session, the stock found support at around Rs 530 and moved up. Buy the stock in dips with stop at Rs 540. Reliance Industries We recommend a buy. Satyam Computer The stock appears to have resumed the uptrend and the daily momentum indicator has re-entered the bullish zone. We recommend a buy. SBI The stock has formed a doji candlestick in the last trading session, indicating neutral stance. Avoid trading in this stock for the session. TCS Buy the stock in lows with tight stop-loss at Rs 918. 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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