Business Daily from THE HINDU group of publications
Tuesday, Jul 15, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Tuesday, Jul 15, 2008 ePaper | Mobile/PDA Version | Audio |
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Technical Analysis Markets - Recommendation 
ICICI Bank The stock is experiencing selling pressure at higher levels. Utilise rallies to sell the stock with tight stop-loss at Rs 607. Infosys On Monday, the stock conclusively penetrated the 200-day moving average by plummeting 7 per cent. We recommend a sell in this counter. L&T Initiate fresh long-position if the stock exceeds Rs 2,426 level with tight stop-loss. ONGC We recommend a buy in this counter for the session. Reliance Capital The outlook remains positive as long as the stock trades above Rs 1,023. We recommend a buy with stiff stop at Rs 1,023. Reliance Communications The outlook is cautious for the stock. Desist trading in this counter for the day. Reliance Industries Initiate fresh long-position only if the stock surpasses Rs 2,070 level, with tight stop-loss. Satyam Computer The near-term outlook for the stock is bearish. We recommend a sell in this counter. SBI We recommend a buy in this stock. TCS In the last trading session, the stock penetrated the key support level Rs 800 by declining. We recommend a sell. 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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