Business Daily from THE HINDU group of publications
Tuesday, Jan 13, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Tuesday, Jan 13, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
|
|
|
|
|
Home Page
-
Technical Analysis Markets - Recommendation 
The near-term outlook is bearish for stocks such as DLF, Reliance Capital and Reliance Communications. We recommend sell in these stock for the session. Initiate fresh short-position if ICICI Bank declines below Rs 428 and L&T falls below Rs 680, with tight stop-loss. We notice the formation of bearish engulfing candlestick pattern in Infosys stock, signalling bearishness. We recommend sell in this counter. Fresh short-position can be initiated if RIL penetrates Rs 1,070 and TCS declines below Rs 500, with stiff stop-loss. Utilise rallies to sell SBI with tight stop-loss at Rs 1,180. However, the outlook is cautious for ONGC. Desist trading in this stock.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
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2009, 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
|
