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

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

Utilise rallies to sell DLF stock with tight stop-loss at Rs 315. We retain our sell recommendation in ICICI Bank.

Encountering resistance at 50-day moving average, L&T declined 4 per cent in the last trading session. Initiate fresh short-position if it declines below Rs 762, with tight stop-loss.

We notice formation of spinning top candlesticks in both Infosys and RIL indicating indecisiveness. Desist trading in these counters for the session. However, sell ONGC and Reliance Capital in rallies with stiff stop-loss as the stocks are experiencing selling pressure. Fresh short-position can be initiated if SBI declines below Rs 1,250, with tight stop-loss. Reliance Communications is moving sideways in a narrow range avoid trading in it for the day. We recommend a sell in TCS.

Yoganand D.

BL Research Bureau

More Stories on : Stocks | 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