Business Daily from THE HINDU group of publications
Thursday, May 15, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Thursday, May 15, 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 880. Infosys Negating our prior view, the stock moved up forming a long bullish candle, accompanied with good volume. We change our recommendation to buy. L&T The stock is pausing at Rs 2,830 levels. Buy the stock in dips with stop-loss at Rs 2,780. ONGC In line with our expectation, the stock tumbled, accompanied with heavy volume in the last trading session. We retain our sell recommendation in this counter. Reliance Capital The stock is consolidating sideways. Avoid initiating buy or sell positions in this counter for the day. Reliance Communications The stock rallied in the last trading session forming a bullish engulfing candlestick pattern. We recommend a buy in this counter. Reliance Industries Desist trading as the outlook is cautious for the stock. Satyam Computer The stock is experiencing selling pressure at higher levels. Sell the stock in rallies with stop loss at Rs 515. SBI We re-affirm our sell recommendation in SBI. TCS Initiate fresh long-position, only if the counter moves above Rs 986 level, with tight stop loss. Yoganand D. BL Research Bureau More Stories on : Stocks | Recommendation
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