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Thursday, Feb 21, 2008
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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.

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