Business Daily from THE HINDU group of publications
Friday, Sep 12, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Friday, Sep 12, 2008 ePaper | Mobile/PDA Version | Audio |
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Stocks Markets - Recommendation 
ICICI Bank Sell the stock in rallies with tight stop-loss at Rs 713. Infosys The outlook remains positive as long as the stock trades above Rs 1,726. We reiterate our buy recommendation with stop-loss at Rs 1,726. L&T The stock is experiencing selling pressure at higher levels. We recommend a sell in this counter. ONGC At present the stock is testing its medium-term up trendline as well as 200-day moving average. Fresh short-position can be initiated it the stock decline below Rs 1,022 with stiff-stop loss. Reliance Capital In line with our expectation, the stock declined in the last trading session. This decline conclusively penetrated the stock’s medium-term up trendline that was in place from early July. We retain our sell recommendation. Reliance Communications The stock is consolidating sideways. Avoid trading in this counter till it trends upward or downward. Reliance Industries In the last trading session, the stock tumbled 4 per cent penetrating a key support level at Rs 2,075, accompanied with heavy volume. The daily relative strength index has entered into the bearish zone. We re-affirm our sell recommendation. Satyam Computer Desist trading in this counter for the session. SBI We recommend a sell. TCS Utilise rallies to sell the stock with stiff stop at Rs 860. Yoganand D. More Stories on : Stocks | Recommendation
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