Business Daily from THE HINDU group of publications
Friday, Dec 05, 2008
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Business Daily from THE HINDU group of publications Friday, Dec 05, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Technical Analysis Markets - Recommendation 
ICICI Bank The stock outlook is positive as long as the stock trades above Rs 350. We recommend a buy with tight stop-loss at Rs 350 level. Infosys Fresh long-position can be initiated only if the stock moves above Rs 1,225, with tight stop-loss. L&T On Thursday, the stock jumped up 8 per cent, accompanied with above average volume experiencing buying pressure. We recommend a buy in this counter for the session. ONGC Desist trading in this counter for the session. Reliance Capital Initiate fresh long-position when the stock exceeds Rs 472 level, with stiff stop-loss. Reliance Communications Buy the stock in dips with tight stop-loss at Rs 180. Reliance Industries In the last trading session, the stock gained 8 per cent with good volume and it is testing the upper boundary of the narrow trading range. Initiate fresh long-position if the stock moves above Rs 1,185 level, with tight stop. Satyam Computer The stock is still trading between the medium-term down trendline and key support level at Rs 220. We maintain our prior view of avoid trading in this stock for the session. SBI We recommend a buy in this counter. TCS Desist trading in this counter as the stance is cautious. 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
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