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Friday, May 16, 2008
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Day Trading Guide


ICICI Bank

We maintain our buy recommendation in this counter.

Infosys

In line with our expectation, the stock moved up in the last trading session, accompanied with good volume. We retain our buy recommendation.

L&T

The stock has surged accompanied with good volume in the last trading session. We re-affirm our buy recommendation.

ONGC

After a steep decline, the stock is pausing at current levels. Avoid trading in this counter for the session.

Reliance Capital

Fresh long position can be initiated if the stock moves above Rs 1,380 with tight stop loss.

Reliance Communications

Following a bullish engulfing candlestick pattern, the stock jumped up on Thursday. The daily momentum indicator has entered the bullish zone. Buy the stock in dips with stop loss at Rs 580.

Reliance Industries

We recommend a buy.

Satyam Computer

We retain our sell recommendation in this counter.

SBI

Desist trading in this counter for the session, as the outlook is cautious.

TCS

We recommend a buy with stiff stop loss at Rs 971.

Yoganand D.

BL Research Bureau

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