Business Daily from THE HINDU group of publications
Tuesday, Dec 23, 2008
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Business Daily from THE HINDU group of publications Tuesday, Dec 23, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Stocks Markets - Recommendation 
DLF is experiencing selling pressure at higher levels. Initiate fresh short-position if the stock declines below Rs 304 with tight stop-loss. After encountering resistance at Rs 475, ICICI Bank tumbled by 5 per cent on Monday. We recommend a sell in ICICI Bank. Infosys and TCS are pausing at current levels; avoid trading in both the counters for the session as the outlook is wait and watch.ONGC and Reliance Capital are witnessing selling pressure. Utilise rallies to sell these stock with tight stop-loss. Fresh short-position can be initiated if RIL declines below Rs 1,264 and SBI declines below Rs 1,256 while maintaining tight stop-loss. The near-term outlook is bearish for Reliance Communications. We recommend a sell. Yoganand D
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