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Tuesday, Sep 02, 2008
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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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