Business Daily from THE HINDU group of publications
Tuesday, Aug 05, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Tuesday, Aug 05, 2008 ePaper | Mobile/PDA Version | Audio |
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Technical Analysis Markets - Recommendation 
ICICI Bank The stock is experiencing selling pressure at higher level. We recommend a sell in this counter. Infosys Initiate fresh long-position only if the stock surpasses Rs 1,676 level with tight stop-loss. L&T The outlook is cautious for the counter. Desist trading in this counter for the day. ONGC The stock is losing momentum. Fresh short-position can be initiated if it declines below Rs 970 level, with stiff stop-loss. Reliance Capital Buy the stock in dips while maintaining tight stop-loss at Rs 1,310. Reliance Communications The near-term outlook is bearish for the stock. We recommend a sell. Reliance Industries The stock has formed a bearish harami candlestick pattern indicating bearishness. We recommend a sell. Satyam Computer We recommend a buy in this stock. SBI Desist trading in this counter for the session. TCS The stock has formed a bearish engulfing candlestick pattern. Fresh short-position can be initiated if the stock declines below Rs 806 level, with close stop-loss. Yoganand D. (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
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