Business Daily from THE HINDU group of publications
Thursday, Feb 14, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Thursday, Feb 14, 2008 ePaper | Mobile/PDA Version |
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Technical Analysis Markets - Recommendation 
ICICI Bank We retain our buy recommendation in the stock. Infosys The stock is currently consolidating sideways and the outlook remains cautious. Avoid trading in the stock for the session. L&T The stock is pausing at lower levels. We stay with our sell recommendation in L&T. ONGC Sell the stock in intra-day rallies with a stop-loss at Rs 1,000. Reliance Capital Fresh long position can be initiated if the stock moves above Rs 1,860. Reliance Communications The stock has conclusively closed below the 200-day moving average. We retain our sell recommendation. Reliance Industries Though the stock has closed positively in the last session, we see that it is experiencing selling pressure at higher levels. Sell the stock if it reverses from Rs 2,467. Satyam Computer Fresh buy can be initiated if the stock makes a move above Rs 446. SBI Buy the stock with a stop loss at Rs 2,000. TCS Sell the stock in rallies with stop-loss at Rs 894. Yoganand D.
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