Business Daily from THE HINDU group of publications
Tuesday, Dec 30, 2008
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Business Daily from THE HINDU group of publications Tuesday, Dec 30, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Technical Analysis Markets - Recommendation 
We notice formation of bullish doji candlesticks in DLF, Infosys and L&T, signalling bullishness. We recommend a buy in these stocks. Initiate fresh long-positions if ICICI Bank exceeds Rs 456 and SBI surpasses Rs 1,295, with tight stop-loss. The near-term outlook is positive for Reliance Capital. We recommend a buy in this stock. On the other hand, outlook is cautious for Reliance Communications and RIL. Avoid trading in these two stocks. We recommend a buy in ONGC with tight stop-loss at Rs 646 and TCS with Rs 465. 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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