• 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

We re-affirm our buy recommendation in this counter for the session.

Infosys

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

L&T

Fresh long-position can be initiated if the stock exceeds above Rs 800 level, with tight stop-loss.

ONGC

We observe that the stock has been consolidating sideways in a narrow band of Rs 650 and Rs 680 since December 2. Desist trading in this counter for the day.

Reliance Capital

In the last trading session, the stock gained 5 per cent, accompanied with heavy volume. The daily relative strength index has entered in to the neutral region from the bearish zone. We recommend a buy in this counter.

Reliance Communications

After experiencing selling pressure at higher level, the stock declined almost Rs 9 from its intraday high of Rs 249. The outlook is watchful for the stock. Avoid trading in this stock for the session.

Reliance Industries

We reiterate our buy recommendation in this stock.

Satyam Computer

The stock is witnessing selling pressure. Fresh short-position can be initiated it the stock declines below it 52-week low of Rs 217 with stiff stop-loss.

SBI

We recommend a buy.

TCS

Sell the stock in rallies with tight stop-loss at Rs 521.

Yoganand D.

BL research Bureau

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