Business Daily from THE HINDU group of publications
Thursday, Sep 25, 2008
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Business Daily from THE HINDU group of publications Thursday, Sep 25, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Stocks Markets - Recommendation 
ICICI Bank We retain our previous view of initiating fresh short-positions if the stock declines below Rs 585, with tight stop-loss. Infosys In line with our anticipation, the stock fell in the last trading session. The stock tumbled over 6 per cent in the last two trading sessions, signalling weakness. We retain our sell recommendation. L&T Though the stock managed to close positive on Wednesday, it has formed a gravestone doji candlestick pattern that indicates bearish. We recommend a sell in this counter. ONGC Sell the stock in rallies with tight stop-loss at Rs 1,100 level. Reliance Capital The stock is pausing at around current levels. Avoid trading in this counter for the session. Reliance Communications The counter is moving sideways in a narrow range. Buy the stock dips with stiff stop-loss at Rs 360. Reliance Industries Initiate fresh long-position if the stock surpasses the Rs 2,075 level with close stop-loss. Satyam Computer The stock was volatile and shaped spinning top candlestick pattern with heavy volume on Wednesday. Desist trading in this stock for the day. SBI The outlook is cautious for the stock. Avoid trading in this stock for the session. TCS The near-term stance is bearish for the stock. We re-affirm our sell recommendation. Yoganand D. More Stories on : Stocks | Recommendation
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