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Wednesday, May 21, 2008
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Day Trading Guide


ICICI Bank

After finding resistance at around Rs 955, the stock began to decline. We recommend a sell.

Infosys

Buy the stock in dips with tight stop loss at Rs 1,870.

L&T

Fresh long-position can be initiated, if the stock moves above Rs 2,997 with stiff stop loss.

ONGC

The near-term outlook for the stock is bearish. We recommend a sell.

Reliance Capital

Sell the stock in rallies with stop loss at Rs 1,407.

Reliance Communications

Initiate fresh sell or short position, only if the stock declines below Rs 590.

Reliance Industries

The outlook for the stock is cautious for the session. Desist trading in this counter.

Satyam Computer

The near-term stance for the stock is bullish. We recommend a buy in this counter.

SBI

In the last trading session, the stock declined forming a bearish engulfing candlestick pattern, which indicates bearishness. We recommend a sell.

TCS

Sell the stock in rallies with stop loss at Rs 980 level

Yoganand D.

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