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Friday, Jan 04, 2008
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ICICI Bank

Contrary to our view, the stock fell in the last session and has formed a bearish engulfing candlestick pattern. We change our recommendation to sell.

Infosys

In line with our view, the stock declined on Thursday. Fresh selling should be made only when the stock declines below Rs 1,691.

L&T

On Thursday, the stock made a downward breakout of the narrow range of Rs 4,100 and Rs 4,200 and signalled bearishness. We recommend a sell.

ONGC

We maintain our buy recommendation in ONGC.

Reliance Capital

We reaffirm our buy recommendation in this stock.

Reliance Communications

The stock is moving sideways in a narrow trading range. Desist trading for the session in the stock.

Reliance Industries

Sell the stock only when it reverses from Rs 2,960 with tight stop loss.

Satyam Computer

The stock declined penetrating the 21-day moving average line. We continue with our sell recommendation.

SBI

Buy the stock in dips with stop loss at Rs 2,380 level.

TCS

We uphold our sell recommendation in TCS.

Yoganand D.

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