Date:05/02/2008 URL: http://www.thehindubusinessline.com/2008/02/05/stories/2008020552011500.htm

Back Day Trading Guide

ICICI Bank

The stock is experiencing selling pressure at higher levels. Sell the stock in rallies with stop at Rs 1,290.

Infosys

The stock price moved above the 50-day moving average line accompanied with good volume in the last session. We recommend a buy.

L&T

Significant resistance for the stock is present at Rs 3,900. Sell the stock if it reverses from this resistance.

ONGC

The stock has formed a gravestone doji candlestick pattern that denotes selling pressure at higher levels, in the last session. We recommend a sell in this counter.

Reliance Capital

The stock is range bound between Rs 1,900-2,100. Desist trading in this stock for the session.

Reliance Communications

On Monday, the stock conclusively penetrated the resistance level at Rs 670.We recommend a buy.

Reliance Industries

Fresh long position can be initiated if the stock moves above Rs 2,643.

Satyam Computer

At Rs 448 the 200-day moving average line is acting as resistance. Sell the stock in rallies with stop at Rs 448.

SBI

Avoid trading in this counter of the session.

TCS

Buy the stock in dips with stop at Rs 953.

Yoganand D.