Business Daily from THE HINDU group of publications
Wednesday, Apr 30, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Wednesday, Apr 30, 2008 ePaper | Mobile/PDA Version | Audio |
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Stocks Markets - Recommendation 
ICICI Bank On Tuesday, the stock opened with a downward gap and filled the gap. Fresh buy can be initiated only if the stock moves above Rs 915. Infosys The stock conclusively exceeded the 200-day moving average, accompanied with heavy volume on Tuesday. We recommend a buy. L&T Sell the stock only if it reverses from the resistance level Rs 3,100 with tight stop loss. ONGC The stock is currently trending sideways. Desist trading in this counter for the session. Reliance Capital In the last trading session, the stock closed above the 50-day moving average and marginally above the resistance level at Rs 1,500 with good volume. We recommend a buy. Reliance Communications We notice a bearish engulfing candlestick pattern in this stock. We recommend a sell. Reliance Industries We recommend a buy in Reliance Industries. Satyam Computer Negating our prior view, the stock surged, supported with extraordinary volume in the previous session. We change our recommendation to buy. SBI We recommend a buy TCS Avoid trading in this counter as the outlook is watchful. Yoganand D. More Stories on : Stocks | Recommendation
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