Business Daily from THE HINDU group of publications
Wednesday, Jun 04, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Wednesday, Jun 04, 2008 ePaper | Mobile/PDA Version | Audio |
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Stocks Markets - Recommendation 
ICICI Bank The stock is hovering around the key support level of Rs 750 and has formed a spinning top candlestick pattern, indicating indecisiveness in the last trading session. Desist trading in this counter for the day. Infosys Initiate fresh short-position if the stock declines below the support level Rs 1,900. L&T In line with our expectation, the stock declined in the last trading session. Sell the stock in rallies with stop at Rs 2,916. ONGC The daily Relative Strength Index is featuring in the oversold region. Fresh long-position can be initiated if the stock moves above Rs 854, with tight stop. Reliance Capital The stock has formed a dragonfly doji candlestick pattern, indicating an up move. We recommend a buy. Reliance Communications The outlook is cautious for the stock. Avoid trading in this counter for the session. Reliance Industries The stock has formed a bullish engulfing candlestick pattern, accompanied with good volume. Initiate long-position only if the stock moves above Rs 2,430, with stiff stop. Satyam Computer Utilise rallies to sell the stock with stop at Rs 515. SBI Desist trading in this counter for the day as the stance is watchful. TCS We recommend a sell. Yoganand D. BL Research Bureau More Stories on : Stocks | Recommendation
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