Business Daily from THE HINDU group of publications
Friday, Jun 13, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Friday, Jun 13, 2008 ePaper | Mobile/PDA Version | Audio |
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Stocks Markets - Recommendation 
ICICI Bank Fresh long-position can be initiated, if the stock moves above Rs 755 level, with stiff stop loss. Infosys The outlook is cautious for the stock. Desist trading in this counter for the day. L&T The near-term outlook for the stock is bullish. We retain our prior buy recommendation for the session. ONGC Initiate fresh long-position, only if the stock exceeds Rs 841 level, with tight stop loss. Reliance Capital Buy the stock in dips with stop loss at Rs 1,050 level. Reliance Communications In the last trading session, the stock was choppy and formed a doji candlestick pattern that indicates neutral stance. Avoid initiating buy or sell positions in this counter for the day. Reliance Industries In the previous trading session, the stock moved up accompanied with high volume. We retain our buy recommendation in this stock. Satyam Computer Utilise rallies to sell the stock with tight stop loss at Rs 500. SBI On Thursday, the stock touched 52-week low and bounced up with above-average volume. We recommend a buy. TCS We reiterate our sell recommendation. Yoganand D.
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