Date:01/11/2007 URL: http://www.thehindubusinessline.com/2007/11/01/stories/2007110152061701.htm

Back Day Trading Guide

ICICI Bank

The stock is continuing to display heightened volatility. Fresh long position should be initiated only when the stock moves above Rs 1,293.

Infosys

The stock is consolidating sideways with downward bias. Sell the stock with stop loss at Rs 1,875.

L&T

Following the bearish candlestick pattern in the previous session, the stock declined on Wednesday. We recommend a sell in L&T with a stop loss at Rs 4,500.

ONGC

ONGC is struggling to overcome the resistance at Rs 1,265. Buy the stock only when it breaches Rs 1,265.

Reliance Capital

The near-term outlook remains positive. We reiterate our buy recommendation.

Reliance Communications

An upward break-out is imminent in Reliance Communication. Buy the stock once it moves above Rs 800.

Reliance Industries

Buy the stock in declines with stop loss at Rs 2,740.

Satyam Computer

The stock continues to consolidate sideways. Desist from trading till clear direction emerges.

SBI

We maintain our sell recommendation.

TCS

The stock formed a spinning-top candlestick pattern in the last trading session, accompanied with heavy volume. Avoid trading in this stock.

Yoganand D.

BL Research Bureau