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Wednesday, Apr 23, 2008
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Day Trading Guide


ICICI Bank

In line with our expectation, the stock moved up in the last trading session. We retain our buy recommendation.

Infosys

Sell the stock in rallies with tight stop-loss of Rs 1,645.

L&T

On Tuesday, the stock breached the 21-day moving average. We uphold our buy recommendation in this counter.

ONGC

The stock surged showing signs of bullishness in the last trading session. We recommend a buy in ONGC.

Reliance Capital

We maintain our prior buy recommendation.

Reliance Communications

Buy the stock in dips with tight stop-loss of Rs 538.

Reliance Industries

The stock is experiencing selling pressure at higher levels. We recommend a sell.

Satyam Computer

After forming a bearish engulfing candlestick pattern, the stock declined in the last session, in line with our expectation. We reiterate our sell recommendation.

SBI

The stock is pausing at around Rs 1,740 levels. Desist trading in this counter for the day.

TCS

The stock tumbled more then 10 per cent, accompanied with heavy volume on Tuesday. Utilise rallies to sell the stock.

Yoganand D.

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