Business Daily from THE HINDU group of publications Friday, Nov 21, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Technical Analysis Markets - Recommendation
A short-term support is at Rs 305 level for the stock. Buy the stock in dips with tight stop-loss at Rs 305 level. Infosys Utilise rallies to sell the stock with tight stop-loss at Rs 1,180. L&T Initiate fresh short-position if the stock declines below the October low of Rs 680 with tight stop-loss. ONGC The near-term outlook for the stock is bearish. We recommend a sell in this counter for the session. Reliance Capital In line with our expectation, the stock declined by 7 per cent, accompanied with high volume on Thursday. We reiterate our sell recommendation. Reliance Communications We re-affirm our sell recommendation. Reliance Industries The near-term stance is bearish for the stock. We recommend a sell. Satyam Computer The stock is currently testing the key support level of Rs 220. Buy the stock in dips with tight stop-loss at Rs 220. SBI The stock is witnessing selling pressure at higher levels. Sell the stock in rallies while maintaining stiff stop-loss at Rs 1,170. TCS We recommend a sell. Yoganand D. More Stories on : Technical Analysis | Recommendation
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