Business Daily from THE HINDU group of publications
Friday, Jul 18, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Friday, Jul 18, 2008 ePaper | Mobile/PDA Version | Audio |
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Technical Analysis Markets - Recommendation 
ICICI Bank Initiate fresh long-position, only if the stock exceeds above Rs 570 level, with tight stop loss. Infosys The stock was volatile in the last trading session. Desist trading in this counter, as the outlook is watchful. L&T Negating our prior view, the stock surged on Thursday. It penetrated 21-day moving average by gaining 7 per cent, accompanied with high volume. We recommend a buy. ONGC On Thursday, the stock soared 4 per cent, breaking through its consolidating range. The near-term outlook for the stock is bullish. We recommend a buy in this counter. Reliance Capital Desist trading in this counter for the session. Reliance Communications Buy the stock in dips, while maintaining tight stop loss at Rs 400 level — a key support level. Reliance Industries Buy the stock only when it surpasses Rs 2,044 level, with stiff stop-loss. Satyam Computer Avoid trading in this stock for the session. SBI We recommend a buy in this stock. TCS Sell the stock, if it fails to move above Rs 800 level (key resistance), with close stop. More Stories on : Technical Analysis | Recommendation
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