Business Daily from THE HINDU group of publications
Friday, Oct 17, 2008
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Business Daily from THE HINDU group of publications Friday, Oct 17, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Technical Analysis Markets - Recommendation 
ICICI Bank We maintain our prior view of buying the stock in dips with tight stop-loss at Rs 390 level. Infosys The stock was choppy in the last trading session. The outlook is cautious for the stock. Avoid trading in this counter for the session. L&T The near-term outlook is bearish for the stock. We retain our sell recommendation in this counter. ONGC Fresh short position can be initiated only if the stock declines below Rs 780, with tight stop-loss. Reliance Capital Sell the stock in rallies with stiff stop-loss at Rs 772 level. Reliance Communications On Thursday, the stock formed a piercing line candlestick pattern, with high volume that indicates bullishness. We re-affirm our buy recommendation in this counter. Reliance Industries Sell the stock in rallies with tight stop-loss at Rs 1,500 level. Satyam Computer Buy the stock in dips with stiff stop-loss at Rs 250. SBI The stock is currently facing significant resistance at Rs 1,600 level. Desist trading in this counter for the day. TCS We recommend a sell in this stock. Yoganand D. More Stories on : Technical Analysis | Recommendation
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