Business Daily from THE HINDU group of publications
Tuesday, Jul 29, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Tuesday, Jul 29, 2008 ePaper | Mobile/PDA Version | Audio |
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Technical Analysis Markets - Recommendation 
ICICI Bank Buy the stock in dips with stiff stop at Rs 630. Infosys The near-term outlook for the stock is bearish. We recommend a sell in this counter. L&T Initiate fresh long-position if the stock surpasses Rs 2,754 level with tight stop-loss. ONGC In the last trading session, the stock jumped up almost 3 per cent, reinforcing bullishness. We recommend a buy in this stock. Reliance Capital On Monday, the counter was choppy and formed spinning top candlestick pattern indicating indecisiveness. As the outlook is watchful desist trading in this counter for the session. Reliance Communications We recommend a buy in this counter. Reliance Industries Utilise dips to buy the stock with stiff stop at Rs 2,147 level. Satyam Computer The stock is consolidating sideways in a narrow range. Avoid trading in this counter for the session. SBI The stock has formed a bearish engulfing candlestick pattern. We recommend a sell. TCS Sell the stock in rallies with tight stop at Rs 819. (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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