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Wednesday, Jun 11, 2008
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Day Trading Guide


ICICI Bank

Sell the stock in rallies with stop loss at Rs 763.

Infosys

In the last trading session, the stock declined penetrating the 21-day moving average. We retain our sell recommendation in this counter.

L&T

The stock has formed a doji candlestick pattern in the last trading session, which indicates neutral stance. Avoid trading in this counter for the day.

ONGC

The near-term outlook for the stock is bearish. We maintain our sell recommendation in this counter.

Reliance Capital

Initiate fresh long-position, if the stock exceeds Rs 1,150 level, with tight stop loss.

Reliance Communications

Buy the stock in dips, while keeping the stop loss at Rs 540.

Reliance Industries

We recommend a buy.

Satyam Computer

In line with our expectation, the stock fell in the last trading session. We re-affirm our sell recommendation for the session.

SBI

The stock has formed a doji candlestick signalling neutral view. The outlook is still cautious for the stock. Desist trading in the stock for the day.

TCS

Sell the stock in rallies with stop loss at Rs 910.

Yoganand D.

BL Research Bureau

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Stories in this Section
Monsoon eyes central India, northwest


Auto sales sustain momentum in May
Archean group picks up stake in Senegal phosphoric acid co
Indian crude basket touches $132.69/bbl on Monday
India employers most optimistic in hiring: Survey
Rupee likely to decline in short-term
Sun has to decide on Taro promoters’ stake this month
Power from private source costs Karnataka Rs 14 a unit
Grasim sells sponge iron unit to Welspun Power
Great Eastern Shipping (Rs 429.75): Sell
Day Trading Guide
Tata Motors seeks to raise $1 b abroad
HP to launch touch-screen desktops in India soon
Several bank stocks hit 52-week lows
Oilmeal exports gain on logistical advantage
Print advertising grows 5% in Q1
Life insurance cos see value buying as FIIs exit
Brighter side of expensive oil


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