Business Daily from THE HINDU group of publications
Thursday, Jan 01, 2009
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Business Daily from THE HINDU group of publications Thursday, Jan 01, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Stocks Markets - Recommendation 
As long as DLF trades above Rs 270, the outlook is positive. We recommend a buy in DLF. We notice formation of bearish engulfing candlestick pattern in ICICI Bank and Reliance Capital. We recommend a sell in these stocks. Sell Reliance Communications and SBI stocks in rallies as the counters are experiencing selling pressure at higher levels. However, we recommend a buy in ONGC with tight stop-loss at Rs 658. Initiate fresh long position in L&T only if it exceeds Rs 792 level, with stiff stop-loss. Infosys and TCS stocks are trading above significant support levels, desist trading as the outlook is wait and watch. Moreover, avoid trading in RIL stock as the stance is cautious. Yoganand D. BL Research Bureau More Stories on : Stocks | Recommendation
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