Business Daily from THE HINDU group of publications
Tuesday, Sep 23, 2008
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Business Daily from THE HINDU group of publications Tuesday, Sep 23, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Technical Analysis Markets - Stocks 
ICICI Bank The stock is pausing at current levels. Avoid trading in this counter for the session. Infosys Fresh short-position can be initiated if the stock decline below Rs 1,606 with tight stop-loss. L&T The stock has formed a bearish engulfing candlestick pattern, indicating bearishness. We recommend a sell in this counter. ONGC The stock is facing significant resistance at Rs 1,100. Utilise rallies to sell the stock with stiff stop-loss at Rs 1,100. Reliance Capital Desist trading in the counter for the stock as the outlook is watchful. Reliance Communications We notice formation of a dark cloud cover candlestick pattern in the stock that signals bearish. We recommend a sell in this stock. Reliance Industries In the last trading session, the stock has experienced selling pressure at higher levels. Initiate fresh short-position if the counter breaches Rs 2,000 level, with tight stop-loss. Satyam Computer Sell the stock in rallies with tight stop-loss at Rs 372. SBI The outlook for the stock is cautious. Desist trading in this stock. TCS Buy the stock in dips with tight stop-loss at Rs 750. Yoganand D. More Stories on : Technical Analysis | Stocks
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