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Wednesday, Nov 26, 2008
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Day Trading Guide


ICICI Bank

The counter is consolidating sideways. Desist trading in this counter for the session.

Infosys

We recommend a sell in this stock with tight stop-loss at Rs 1,200.

L&T

A key support for the stock is at Rs 712 level. Buy the stock in dips with tight stop-loss at this level.

ONGC

The stock is witnessing selling pressure at higher level. As the outlook is watchful desist trading in this counter for the day.

Reliance Capital

In the previous trading session, the stock opened higher and lost its intra-day gains. However, utilise declines to buy the stock with tight stop-loss at Rs 405 (52-week low).

Reliance Communications

Initiate fresh short-position if the stock declines below Rs 190 with stiff stop-loss.

Reliance Industries

Contrary to our view, the stock declined in the last trading session. It fell by 6 per cent. Fresh short-position can be initiated if the stock declines below Rs 1,050, tight stop.

Satyam Computer

We recommend a sell in this counter.

SBI

The near-term outlook is bearish for the stock. We recommend a sell.

TCS

Utilise up moves to sell the stock with tight stop-loss at Rs 535.

Yoganand D. BL Research Bureau

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