Business Daily from THE HINDU group of publications Tuesday, Sep 02, 2008 ePaper | Mobile/PDA Version | Audio |
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Stocks Markets - Recommendation
ICICI Bank Fresh long-position can be initiated if the stock surpasses Rs 780, with tight stop-loss. Infosys In the last trading session, the stock opened higher and lost its initial gains, witnessing selling pressure. The stock has formed a dark cloud cover candlestick pattern, indicating bearishness. We recommend a sell. L&T The 50-day moving average of the stock is hovering around Rs 2,539. Buy the stock in dips with stiff stop-loss at Rs 2,539. ONGC The stock was choppy and formed a doji candlestick pattern, signalling neutral stance. Desist trading in this counter for the day. Reliance Capital The near-term outlook is bullish for the stock. We recommend a buy in this counter. Reliance Communications Utilise rallies to sell the stock with tight stop-loss at Rs 410. Reliance Industries Initiate fresh long-position if the stock exceeds Rs 2,165, with stiff stop-loss. Satyam Computer In the last trading session, the counter closed above the key resistance level Rs 420, reinforcing bullishness. We recommend a buy. SBI We recommend a buy with stop-loss at Rs 1,390. TCS Avoid trading in this counter for the session. Yoganand D.
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