Business Daily from THE HINDU group of publications
Thursday, Apr 17, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Thursday, Apr 17, 2008 ePaper | Mobile/PDA Version | Audio |
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Stocks Markets - Recommendation 
ICICI Bank As long as the stock trades above Rs 800 level, the outlook stays positive. Buy the stock in dips with tight stop loss. Infosys The short-term view for the stock is bullish. We reiterate our buy recommendation. L&T We retain our buy recommendation. ONGC Fresh long position can be initiated if the stock moves above Rs 1,035. Reliance Capital The stock has formed a gravestone doji pattern in the last trading session, witnessing selling pressure at higher levels. We recommend a sell. Reliance Communications We notice a doji candlestick pattern formed by the stock in the last trading session. Desist trading in this stock for the session. Reliance Industries Initiate long position only if the stock moves above Rs 2,668, with stiff stop loss. Satyam Computer After testing the resistance at Rs 460 in the previous trading session, the stock began to decline experiencing selling pressure at higher levels. Sell the stock if it fails to move above Rs 460. SBI For the past six trading sessions, the stock has been moving sideways in a narrow range. Desist trading in this counter till the stock breaks out of the trading range in either side. TCS Sell the stock only if it reverses for the resistance level of Rs 1,000. Yoganand D. More Stories on : Stocks | Recommendation
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