Business Daily from THE HINDU group of publications
Friday, Sep 28, 2007
ePaper
Business Daily from THE HINDU group of publications Friday, Sep 28, 2007 ePaper |
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Stocks Markets - Recommendation 
ICICI Bank The stock formed a doji star in the daily candle-stick chart after recording a new high. This portends weakness in the short-term. Sell the stock if it fails to penetrate Rs 1,050 effectively. Infosys Infosys moved in line with our anticipation and has conclusively penetrated the 21-day moving average, with good volumes. We continue to recommend a buy in this stock. L&T The stock is moving sideways between Rs 2,800 and Rs 2,950. But chart patterns indicate a potential move downward. We continue to recommend a sell on a decline below Rs 2,800. ONGC The stock conclusively breached the resistance Rs 950 in the last trading session. Buy the stock with a stop at Rs 957. Reliance Capital We maintain our sell recommendation on this stock. Reliance Communications The stock is pausing after recording new highs. We expect the stock to resume its up move soon. Buy in the dips with tight stop loss. Reliance Industries The stock formed a grave-stone doji candlestick pattern, which denotes selling pressure at intra-day highs. We reiterate our sell recommendation. Satyam Computer Buy in corrections with a stop at Rs 436. SBI The stock resumed the up move and made a life high. Since the stock has moved above the resistance at Rs 1,880, we recommend a buy in this stock. TCS The stock is nearing the resistance band between Rs 1,075 and Rs 1,085. Sell the stock if it reverses from this band. Yoganand D. BL Research Bureau More Stories on : Stocks | Recommendation
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