Business Daily from THE HINDU group of publications
Thursday, Dec 11, 2008
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Business Daily from THE HINDU group of publications Thursday, Dec 11, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Stocks Markets - Recommendation 
ICICI Bank On Wednesday, the stock conclusively penetrated its 21-day moving average by jumping up by 8 per cent accompanied with above average volume. We recommend a buy. Infosys The stock was choppy in the last trading session and formed doji candlestick pattern indicating neutral stance. Avoid trading in this counter for the session. L&T The near-term outlook is positive for the stock. We recommend a buy. ONGC The stock is moving sideway. Desist trading in this counter for the session as the outlook is wait and watch. Reliance Capital Initiate fresh long-position if the stock exceeds Rs 491 level, with stiff stop-loss. Reliance Communications We recommend a buy in this counter. Reliance Industries In the last trading session, the stock penetrated the upper boundary of the narrow trading range as well as resistance level Rs 1,200 by gaining 9 per cent with good volume. We recommend a buy. Satyam Computer Avoid trading in this stock as the outlook is cautious. SBI Fresh long-position can be initiated if the stock moves above Rs 1,215 with stiff stop-loss. TCS Initiate fresh buy if the stock moves above Rs 552, with tight stop-loss. Yoganand D. BL Research Bureau More Stories on : Stocks | Recommendation
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