Date:13/02/2008 URL: http://www.thehindubusinessline.com/2008/02/13/stories/2008021352361700.htm

Back Day trading guide

ICICI Bank

The stock is poised above the key support at Rs 1,000. Buy the stock in intra day corrections.

Infosys

The outlook for the stock stays cautious. Do not trade in the stock for the day.

L&T

We retain our sell recommendation in L&T.

ONGC

The stock is pausing at current levels. Sell the stock in rallies with a stop-loss at Rs 991.

Reliance Capital

In the last trading session, the stock was volatile and it formed a spinning top candlestick pattern, indicating indecisiveness. Desist trading in this counter.

Reliance Communications

In line with our expectation, the stock fell in the last trading session. We maintain our sell recommendation.

Reliance Industries

The stock is witnessing selling pressure at higher levels. Sell the stock if it reverses from Rs 2,410.

Satyam Computer

This counter was very choppy in the previous trading session. Desist trading in this stock for the day.

SBI

Sell the stock when it moves up with stop at Rs 2,098.

TCS

Last session the stock tumbled resuming the downtrend. We recommend a sell.

Yoganand D.