Business Daily from THE HINDU group of publications
Tuesday, Feb 19, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Tuesday, Feb 19, 2008 ePaper | Mobile/PDA Version |
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Technical Analysis Markets - Recommendation 
ICICI Bank The stock is testing the 50-day moving average at Rs 1,224. Fresh longs can be initiated if the stock moves above Rs 1,224 level. Infosys The stock has been range-bound between Rs 1,500 and Rs 1,600 for the past two weeks. Avoid trading till the stock breaks beyond either side of the trading range. L&T The stock experienced selling pressure at higher level and appears to have resumed its medium-term downtrend. Sell the stock in rallies with stop-loss at Rs 3,598. ONGC The outlook for the stock stays cautious. Do not trade in this counter for the day. Reliance Capital Currently, the stock is testing a significant resistance level Rs 2,100. Initiate fresh long-position only if the stock moves above Rs 2,145. Reliance Communications We recommend a sell in this counter. Reliance Industries Sell the stock if it reverses from Rs 2,600 with tight stop-loss. Satyam Computer Sell the stock in rallies with stop-loss at Rs 446. SBI The stock is pausing at around Rs 2,250. Sell the stock if it fails to move above Rs 2,277. TCS The short-term outlook for the stock is bearish. We recommend a sell. Yoganand D.More Stories on : Technical Analysis | Recommendation
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