Business Daily from THE HINDU group of publications
Tuesday, Dec 18, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Tuesday, Dec 18, 2007 ePaper | Mobile/PDA Version |
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Stocks Markets - Recommendation 
ICICI Bank The stock has breached the 21-day moving average line in the last session. Fresh sell position should be initiated if the stock falls below Rs 1,148. Infosys Near-term outlook for the stock is bearish. Sell the stock in rallies with stop at Rs 1,680. L&T After moving sideways between Rs 4,200 and Rs 4,400 for more than a week, the stock breached the lower boundary on Monday. We recommend a sell. ONGC Along with the broad market sell off, ONGC tumbled in the last session. Sell the stock in rallies with a stop at Rs 1,200. Reliance Capital Sell the stock only when it declines below Rs 2,326. Reliance Communications We recommend a sell in RCom. Reliance Industries The stock has formed an bearish engulfing candlestick pattern, indicating near-term bearishness. We recommend a sell. Satyam Computer The stock has been declining for the past one week and the daily momentum indicator has entered the bearish region. We do not see any signs of bullishness. Sell the stock in rallies with stop at Rs 413. SBI As the stock is experiencing selling pressure near its all-time high, we recommend a sell. TCS We retain our sell recommendation. Yoganand D. More Stories on : Stocks | Recommendation | Pharmaceuticals
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