Business Daily from THE HINDU group of publications
Thursday, Sep 11, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Thursday, Sep 11, 2008 ePaper | Mobile/PDA Version | Audio |
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Technical Analysis Markets - Recommendation 
ICICI Bank Buy the stock in dips with tight stop-loss at Rs 685. Infosys The near-term outlook is positive for the counter. We retain our buy recommendation in this counter. L&T Sell the stock in rallies with stiff-stop-loss at Rs 2,785. ONGC Contrary to our view, the stock decline in the last trading session. Initiate fresh short-position if the stock declines below Rs 1,065 with stiff stop-loss. Reliance Capital The stock is losing its bullish momentum. We re-affirm our sell recommendation in this stock. Reliance Communications Desist trading in this counter for the day. Reliance Industries Negating our previous view, the stock decline and is testing the support level Rs 2,075. Fresh short-position can be initiated if the stock declines below Rs 2,057, with tight stop-loss. Satyam Computer The stock is pausing at current levels. Avoid trading in this counter. SBI We retain our prior stance of initiating fresh short-position if the stock decline below Rs 1,535, with stiff stop-loss. TCS Sell the stock in rallies with stop-loss at Rs 875. Yoganand D. BL Research Bureau (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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