• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

ICICI Bank

On Thursday, the stock tested the resistance level Rs 750 and formed a spinning top candlestick pattern, indicating indecisiveness. Avoid trading in this counter for the session.

Infosys

Fresh short-position can be initiated if the stock declines below Rs 1,547 with tight stop-loss.

L&T

The stock has formed a dark cloud candlestick pattern, signalling bearish. We recommend a sell.

ONGC

The stock is witnessing selling pressure at higher levels. The daily relative strength index has touched the overbought territory. Utilise rallies to sell the stock with stiff stop at Rs 1,060.

Reliance Capital

The stock is currently testing resistance level of Rs 1,400. The outlook is cautious for the counter. Desist trading in this counter for the session.

Reliance Communications

Initiate fresh short-position only if the stock declines below Rs 491, with close stop-loss.

Reliance Industries

Sell the stock if it fails to surpass Rs 2,330 level with tight stop.

Satyam Computer

We recommend a sell.

SBI

Utilise rallies to sell the stock with stop at Rs 1,555.

TCS

The stock has formed a bearish engulfing candlestick pattern. We recommend a sell.

Yoganand D

BL Research Bureau

More Stories on : Stocks | Recommendation

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
All-India rainfall figures fall into deficit

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