Business Daily from THE HINDU group of publications
Wednesday, Apr 09, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Wednesday, Apr 09, 2008 ePaper | Mobile/PDA Version |
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Stocks Markets - Recommendation 
ICICI Bank We retain our buy recommendation. Infosys Fresh short position can be initiated, if the stock declines below Rs 1,450 with a tight stop loss. L&T On Tuesday, the stock penetrated the support level of Rs 2,600, accompanied with a good volume. We recommend a sell. ONGC The stock is trending sideways in a narrow range. Desist trading in this stock for the session. Reliance Capital In the last trading session, the stock found resistance at around Rs 1,240 and declined. We maintain our prior view of initiating long position, only if the stock moves above Rs 1,240 with tight stop loss. Reliance Communications The outlook for the stock is cautious. Avoid trading in this stock for the day. Reliance Industries A significant resistance is at Rs 2,424 for the counter. Sell the stock only if it reverses from this resistance level with tight stop loss. Satyam Computer Utilise rallies to sell the stock, with stiff stop-loss of Rs 443. SBI The stock was choppy in the last trading session and formed a doji candlestick, indicating neutral stance. Desist trading for the day. TCS The stock has formed a dark cloud candlestick pattern, indicating bearishness. We recommend a sell. Yoganand D. More Stories on : Stocks | Recommendation
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