Business Daily from THE HINDU group of publications
Wednesday, Oct 17, 2007
ePaper
Business Daily from THE HINDU group of publications Wednesday, Oct 17, 2007 ePaper |
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Stocks Markets - Recommendation 
ICICI Bank In line with our expectation, the stock recorded a life-high in the last session. The near-term outlook is positive. We recommend a buy. Infosys The stock broke through the flag pattern by declining 3 per cent on Tuesday. We maintain our sell recommendation. L&T We maintain our buy recommendation in this stock. ONGC Following a steep rally, ONGC met with a resistance and is pausing around Rs 1,200 level. We recommend a sell. Reliance Capital The bullish momentum is ongoing in this stock. We recommend a buy with stop at Rs 1,917. Reliance Communications The stock has been gradually moving up. We do not see any signs of reversal. We reiterate our buy recommendation. Reliance Industries The stock has been moving sideways in a range bound of Rs 2,566 and Rs 2,700, for the past five sessions. Buy the stock only when it penetrates Rs 2,700. Satyam Computer As anticipated, the stock found support around Rs 440 and moved up in the last trading session. We recommend a buy. SBI The stock is trading near its all-time high and it is struggling to breach Rs 2,000 — a psychological resistance level. Sell the stock only when it reverses from Rs 2,000. TCS The 21-day moving average is at Rs 1,049 level and we believe that the stock would find support around this level. Buy the stock in dips with tight stop at Rs 1,049. Yoganand D. More Stories on : Stocks | Recommendation
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