Date:26/09/2007 URL: http://www.thehindubusinessline.com/2007/09/26/stories/2007092652401701.htm

Back Day Trading Guide

ICICI Bank

The stock is halting below the resistance at Rs 1,010. A buy is recommended only when the stock penetrates this level.

Infosys

Infosys is hovering above the key support at Rs 1,750. Buy close to this support with a stop at Rs 1,740.

L&T

The stock is consolidating at higher levels. The bullish momentum holds as long as the stock trades above Rs 2,800. We recommend a buy in the stock.

ONGC

The stock is struggling to penetrate the strong resistance at Rs 950. Fresh longs should be initiated only if the stock moves beyond Rs 950.

Reliance Capital

The stock closed near our short-term support on Tuesday. Near term correction is possible due to sell signals in the daily oscillators. Sell the stock once it falls below Rs 1,520.

Reliance Communications

Buy when the stock reverses from Rs 582 with tight stop loss.

Reliance Industries

RIL continues to blaze ahead. Buy the stock in intra-day dips.

Satyam Computer

Sell the stock if it reverses from Rs 422.

SBI

The stock has formed an evening star pattern in the daily candlestick chart, which has bearish implications. Sell with a stop at Rs 1,845.

TCS

Sell the stock on rallies as long as it trades below Rs 1,030.

Yoganand D.

BL Research Bureau