Business Daily from THE HINDU group of publications
Wednesday, Nov 28, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Wednesday, Nov 28, 2007 ePaper | Mobile/PDA Version |
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Stocks Markets - Recommendation 
We maintain our sell recommendation in this stock. InfosysThe daily RSI, which is a momentum indicator, is rising from the oversold region indicating a near-term buy. L&TThe stock lacks momentum. We recommend a sell. ONGCThe stock formed a gravestone doji on Tuesday, signifying bearishness. Sell the stock in rallies with stop at Rs 1,200. Reliance CapitalAs the stock is still range-bound between Rs 2,100 and Rs 2,400. We recommend the traders to stay away from this counter till it breaks out of either direction. Reliance CommunicationsThe stock’s short-term downtrend is likely to continue further. Sell the stock when it reverses from the key resistance of Rs 701. Reliance IndustriesThe weekly momentum indicator is displaying bearish divergence and is also featuring in the overbought region. Fresh short can be initiated when the stock declines below Rs 2,811. Satyam ComputerConsider buying the stock in dips with tight stop at Rs 421. SBIThe stock bounced up in the last session from the support at Rs 2,220. However, fresh long position should be initiated only when the stock moves above Rs 2,300 level. TCSWe recommend a buy in TCS. Yoganand D.More Stories on : Stocks | Recommendation
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