Business Daily from THE HINDU group of publications
Wednesday, Sep 17, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Wednesday, Sep 17, 2008 ePaper | Mobile/PDA Version | Audio |
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Stocks Markets - Recommendation 
ICICI Bank The near-term stance is negative for the stock. Sell the stock in rallies with stiff stop-loss at Rs 628. Infosys The stock has found support at Rs 1,500 level and bounced off in the last trading. Buy the stock in dips with tight stop-loss at Rs 1,525. L&T The near-term outlook remains positive as long as the stock trades above Rs 2,500 level. We recommend a buy. ONGC In the last trading session, the counter was choppy. Avoid trading in this counter as its outlook is cautious. Reliance Capital Initiate fresh long-position if the stock exceeds Rs 1,142 with close stop-loss. Reliance Communications Utilise dips to buy the counter with tight stop-loss at Rs 350. Reliance Industries The stock has formed a bullish engulfing candlestick pattern, a bullish reversal pattern. We recommend a buy. Satyam Computer In the previous trading day, the stock was volatile and formed a spinning top candlestick pattern which indicates indecisiveness. Desist trading in this counter for the session. SBI Fresh long position can be initiated if the stock moves above 1610 level, with stiff stop-loss. TCS We notice formation of a dragon fly doji candlestick pattern that signals bullishness. We recommend a buy. Yoganand D. More Stories on : Stocks | Recommendation
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