Business Daily from THE HINDU group of publications
Tuesday, Jun 24, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Tuesday, Jun 24, 2008 ePaper | Mobile/PDA Version | Audio |
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Technical Analysis Markets - Recommendation 
ICICI Bank Sell the stock in rallies with stop at Rs 750. Infosys The stock is finding support at Rs 1,800 level. Buy the stock in dips with stop at Rs 1,800. L&T On Monday, the stock conclusively penetrated the key support level of Rs 2,500 by declining over 6 per cent, accompanied with above average volume. We recommend a sell. ONGC Fresh long-position can be initiated if the stock surpasses Rs 900 level, with tight stop. Reliance Capital In the last trading session, the stock broke through key support level Rs 1,000 by tumbling 9 per cent, with heavy volume. We recommend a sell. Reliance Communications Buy the stock in dips with stiff stop-loss at Rs 476. Reliance Industries The near-term outlook for the stock is bearish. Utilise rallies to sell the stock with stop at Rs 2,096. Satyam Computer Desist trading in this counter for the day. SBI We retain our sell recommendation. TCS Fresh short-position can be initiated if the stock declines below Rs 845 with stiff stop. Yoganand D. (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
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