Date:04/03/2008 URL: http://www.thehindubusinessline.com/2008/03/04/stories/2008030452041701.htm

Back Day Trading Guide

ICICI Bank

The stock conclusively penetrated the 200-day moving average and tumbled on Monday. We recommend a sell in this counter.

Infosys

We are bearish in this counter in the short-term and maintain our sell recommendation.

L&T

Sell the stock in rallies with stop-loss at Rs 3,380.

ONGC

Fresh selling can be initiated if the stock declines below Rs 970.

Reliance Capital

The daily momentum indicator has entered the bearish zone, indicating bearish momentum. We recommend a sell.

Reliance Communications

We re-affirm our sell recommendation in this stock.

Reliance Industries

Initiate fresh short position if the stock decline below Rs 2,274.

Satyam Computer

On Monday, the stock penetrated the medium-term up trendline decisively. We retain our sell recommendation.

SBI

We continue with our sell recommendation in this counter.

TCS

Sell the stock in rallies with stop-loss at Rs 869.

Yoganand D.