Business Daily from THE HINDU group of publications
Thursday, Jul 10, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Thursday, Jul 10, 2008 ePaper | Mobile/PDA Version | Audio |
|
|
|
|
|
|
|
|
Home Page
-
Technical Analysis Markets - Recommendation 
ICICI Bank Sell the stock in rallies with stiff stop at Rs 650. Infosys Initiate fresh long-position only if the stock moves above Rs 1,837 level, with tight stop-loss. L&T In line with our anticipation, the stock moved up in the previous trading session. We maintain our buy recommendation in this counter. ONGC The stock was choppy in the last trading session and it formed a spinning top candlestick pattern indicating indecisiveness. Avoid trading in this counter for the day. Reliance Capital The near-term outlook for the stock is bullish. We reaffirm our buy recommendation. Reliance Communications Fresh long-position can be initiated only if the stock surpasses Rs 454 level with tight stop-loss. Reliance Industries Negating our prior view, the stock jumped up on Wednesday, with low volume support. Initiate fresh long-position only if the counter moves above Rs 2,100 level with stiff stop. Satyam Computer Initiate fresh long-position if the stock moves above Rs 890 level, with close stop. SBI We retain our buy recommendation in this stock. TCS Desist trading in this stock for the session. Yoganand D. BL Research Bureau (The analysis and opinion expressed in these columns are based on the technical analysis of the past price behaviour. The stop-loss level provided with the recommendation is important. The original view would stand negated if the stop-loss level is breached. There is a risk of loss in trading)More Stories on : Technical Analysis | Recommendation
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
 |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
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
|
