Business Daily from THE HINDU group of publications
Wednesday, May 28, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Wednesday, May 28, 2008 ePaper | Mobile/PDA Version | Audio |
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Stocks Markets - Recommendation 
ICICI Bank In line with our expectation, the stock declined in the last trading session. We maintain our sell recommendation in this stock. Infosys The outlook is cautious for the stock. Avoid initiating buy or sell positions in this counter for the day. L&T On Tuesday, the stock experienced selling pressure at around Rs 2,800 and declined. Sell the stock in rallies with stop at Rs 2,800. ONGC The outlook for the stock is still cautious. The RSI is featuring in the oversold region. Desist trading in this counter for the day. Reliance Capital The near-term outlook for the counter is bearish. We re-affirm our sell recommendation. Reliance Communications Initiate fresh long-position, only if the stock moves above Rs 562, with stiff stop loss. Reliance Industries The stock witnessed selling pressure at higher levels in the last trading session. Fresh short-position can be initiated if the stock declines below Rs 2,467. Satyam Computer Initiate fresh long position, only if the stock exceeds Rs 506, with tight stop loss. SBI The stock fell in the previous trading session, in line with our anticipation. We retain our sell recommendation. TCS Buy the stock in dips with stop loss at Rs 954. Yoganand D. BL Research Bureau More Stories on : Stocks | Recommendation
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