• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

ICICI Bank

The stock has formed a spinning top candlestick pattern, indicating indecisiveness. The outlook is cautious for the stock. Avoid initiating buy or sell positions in this counter for the day.

Infosys

Initiate fresh short-position if the stock declines below Rs 1,878 with tight stop-loss.

L&T

The stock is currently testing the support level Rs 2,600. The Relative Strength Index is featuring in the bearish zone. Fresh short-position can be initiated only if the stock decline below Rs 2,570, with stiff stop.

ONGC

We recommend a sell in this counter.

Reliance Capital

Sell the stock in rallies with stop at Rs 1,168.

Reliance Communications

In last trading session, the stock moved up, accompanied with high volume. We recommend a buy.

Reliance Industries

On Monday, the stock was choppy and formed a spinning top candlestick pattern that indicates indecisiveness. Desist trading in this counter for the session.

Satyam Computer

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

SBI

The outlook for the stock is cautious. Avoid trading in this stock.

TCS

In previous session, the stock tumbled penetrating the 50-day moving average. We recommend a sell.

(Note: In a buy recommendation, the resistances would be the targets and the nearest support would be the stop loss; In a sell recommendation, the supports would be the targets and the nearest resistance would be the stop loss; The recommendation would be valid for today's trading only.)

More Stories on : Technical Analysis | Recommendation

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Dipole lends odds-on chance for surplus rain

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line