Business Daily from THE HINDU group of publications Thursday, Feb 21, 2008 ePaper | Mobile/PDA Version |
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Stocks Markets - Recommendation
ICICI Bank The stock has formed an evening doji star candlestick pattern, indicating short-term bearishness. We recommend a sell in this counter. Infosys The stock continues to move in a sideways direction. We maintain our view that traders should avoid trading this stock. L&T The stock appears to have resumed the medium-term downtrend. We reaffirm our sell recommendation. ONGC Sell the stock in rallies with stop-loss at Rs 1,039. Reliance Capital Negating our view, the stock fell in the last session. Fresh short position can be initiated if the stock declines below Rs 1,954. Reliance Communications Our short-term outlook for the stock is bearish. We continue with our sell recommendation. Reliance Industries We re-affirm our recommendation in this stock. Satyam Computer Sell the stock in rallies with stop-loss at Rs 445. SBI The stock has reversed from a key resistance level of Rs 2,300 and began to decline. We recommend a sell. TCS In the last session, the stock formed a doji candlestick pattern that indicates neutral stance. Avoid trading in this counter for the day. Yoganand D. More Stories on : Stocks | Recommendation
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