• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

ICICI Bank

Utilise rallies to sell the stock with tight stop-loss at Rs 348.

Infosys

On Wednesday, the stock slumped by 4 per cent, accompanied with above average volume, in line with our expectation. We retain our sell recommendation for the session.

L&T

The near-term view is bearish for the stock as long as it trades below Rs 710. We re-affirm our sell recommendation with tight stop-loss at Rs 710.

ONGC

Initiate fresh short-position if the stock declines below Rs 640 level with stiff stop-loss.

Reliance Capital

Desist trading in this counter for the session.

Reliance Communications

The daily relative strength index of the stock has entered into the bearish zone from the neutral region, signaling weakness. We recommend a sell in this stock.

Reliance Industries

The stock has been trading in a narrow range between Rs 1,050 and Rs 1,150 over the past two weeks. We retain our prior view of fresh short-position can be initiated only if the stock declines below Rs 1,050, with tight stop-loss.

Satyam Computer

The stock is currently trading between the medium-term down trendline and key support level at Rs 220. Avoid trading in this stock as the outlook is wait and watch.

SBI

Contrary to our view, the stock moved up in the last trading session. Fresh long-position can be initiated only if the stock exceeds Rs 1,126 level, with stiff stop-loss.

TCS

We recommend a sell in this stock.

Yoganand D.

BL Research Bureau

(The analysis and opinion expressed in these columns are based on the technical analysis of the past price behaviour. The stop-loss level provided with the recommendation is important. The original view would stand negated if the stop-loss level is breached. There is a risk of loss in trading)

More Stories on : Technical Analysis | Recommendation

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line