Date:05/03/2008 URL: http://www.thehindubusinessline.com/2008/03/05/stories/2008030552331701.htm

Back Day Trading Guide

ICICI Bank

In line with our expectations, the stock declined in the last trading session accompanied with high volume. Moreover, the stock broke though the key support level of Rs 1,000. We maintain our sell recommendation.

Infosys

We retain our sell recommendation in this counter.

L&T

The outlook for the stock is cautious. Hence, desist trading for the session.

ONGC

Sell the stock in rallies with stop-loss at Rs 985.

Reliance Capital

The stock has conclusively closed below the 200-day moving average on Tuesday. Fresh short position can be initiated, if the stock declines below Rs 1,500.

Reliance Communications

We continue with our sell recommendation.

Reliance Industries

On Tuesday, the stock breached the 200-day moving average. The daily momentum indicator is featuring in the bearish zone. We recommend a sell.

Satyam Computer

The stock is trading just above a key support level of Rs 400. Avoid initiating positions in this counter for the day.

SBI

Sell the stock in rallies with tight stop-loss at Rs 1,925.

TCS

The stock is likely to consolidate sideways. Desist trading in TCS for the session.

Yoganand.D