Business Daily from THE HINDU group of publications
Friday, Feb 15, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Friday, Feb 15, 2008 ePaper | Mobile/PDA Version |
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Stocks Markets - Recommendation 
ICICI Bank Fresh long position can be initiated if the stock moves above Rs 1,180. Infosys The stock is still consolidating sideways and the outlook remains stays cautious. We maintain our prior view that traders should stay away from this counter. L&T Negating our prior view, the stock bounced off forming a long bullish candlestick in the last session. Buy the stock in dips with stop at Rs 3,460. ONGC Fresh buy can be initiated if the stock breaches the resistance Rs 1,050. Reliance Capital In line with our anticipation, the stock moved up. We re-affirm our buy recommendation. Reliance Communications On Thursday, the stock experienced buying pressure and moved up. Buy the stock in dips with stop at Rs 590. Reliance Industries The stock has been on a short-term downtrend from January high. Following a pull back from around Rs 2,200, the stock is facing resistance at Rs 2,600 level. Desist trading for the session. Satyam Computer The stock is currently testing resistance at Rs 450. Buy the stock if it moves above this resistance level. SBI We maintain our buy recommendation in this stock. TCS Sell the stock in rallies with stop-loss at Rs 900. Yoganand D. More Stories on : Stocks | Recommendation
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