Business Daily from THE HINDU group of publications
Tuesday, Aug 26, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Tuesday, Aug 26, 2008 ePaper | Mobile/PDA Version | Audio |
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Technical Analysis Markets - Recommendation 
ICICI Bank The stock has formed a gravestone doji candlestick pattern, indicating bearish in the last trading session. We recommend a sell in this counter. Infosys Sell the stock in rallies with tight stop-loss at Rs 1,725 level. L&T The near-term outlook is bearish for the stock. Initiate fresh short-position if the stock falls below Rs 2,572 level, with stiff stop-loss. ONGC The near-term outlook is cautious for the stock. Desist trading in this counter for the session. Reliance Capital We recommend a sell in this counter. Reliance Communications The stock is hovering around a key support level of Rs 400. Buy the stock in dips with stop-loss at Rs 398. Reliance Industries The stock is consolidating sideways in a narrow range. However, fresh short-position can be initiated if the stock declines below Rs 2,200, with stiff stop-loss. Satyam Computer Utilise rallies to sell the stock with tight stop-loss at Rs 402. SBI The stock is currently pausing around Rs 1,350 level; it is likely to resume its short-term downtrend. We recommend a sell in this stock. TCS We recommend a sell in this stock. 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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