Business Daily from THE HINDU group of publications
Thursday, Aug 28, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Thursday, Aug 28, 2008 ePaper | Mobile/PDA Version | Audio |
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Stocks Markets - Recommendation 
ICICI Bank Fresh short-position can be initiated, if the stock declines below Rs 639, with tight stop-loss. Infosys In the last trading session, the stock was choppy and formed a doji candlestick pattern indicating neutral stance. Avoid trading in this counter for the day. L&T The stock’s 50-day moving average is at Rs 2,545. Initiate fresh short-position, if the stock decline below Rs 2,545, with stiff stop-loss. ONGC Utilise rallies to sell the stock with tight stop-loss at Rs 1,025. Reliance Capital Desist trading in this counter for the session. Reliance Communications Negating our view, the stock declined in the last trading session. The relative strength index has entered into the bearish zone. We recommend a sell. Reliance Industries In line with our expectation, the stock declined in the last trading session. We notice high volume over the past two sessions. We re-affirm our sell recommendation. Satyam Computer Sell the counter in rallies with stiff stop-loss at Rs 417. SBI The near-term outlook is bearish for the stock. We recommend a sell in this counter. TCS We recommend a sell. Yoganand D. BL Research Bureau More Stories on : Stocks | Recommendation
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