Date:08/01/2008 URL: http://www.thehindubusinessline.com/2008/01/08/stories/2008010852521500.htm

Back Day Trading Guide

ICICI Bank

The stock penetrated a key resistance level on Monday and made new high. We recommend a buy.

Infosys

We reaffirm our sell recommendation in this counter.

L&T

Buy the stock in dips with stop at Rs 4,200.

ONGC

On Monday the stock found support at Rs 1,250 and bounced up. As long as the stock trades above this support level, the near-term trend remains bullish. Buy the stock in dips with tight stop-loss at Rs 1,250.

Reliance Capital

The stock is witnessing selling pressure at higher levels. Avoid the stock for the session.

Reliance Communications

The stock is testing resistance at Rs 800 level. Fresh long should be initiated only when the moves above this resistance level.

Reliance Industries

We recommend a buy in RIL.

Satyam Computer

Our near-term outlook for the stock is bearish. Sell the stock in rallies with stop at Rs 432.

SBI

The stock is moving sideways in a narrow range, above the 21-day moving average line. Buy the stock in dips with stop at Rs 2378 level.

TCS

We note that the daily momentum indicator has entered the bearish region, which indicates further bearishness. We maintain our sell recommendation in TCS

Yoganand D.