Date:28/03/2008 URL: http://www.thehindubusinessline.com/2008/03/28/stories/2008032852671701.htm

Back Day Trading Guide

ICICI Bank

Sell the stock in rallies with stop-loss at Rs 878.

Infosys

The stock is experiencing a key resistance at around Rs 1,500. Initiate sell position only if the stock reverses from this resistance level.

L&T

In the last trading session, the stock declined and has appears to resumed its downtrend. We recommend a sell.

ONGC

We reaffirm our buy recommendation in this counter.

Reliance Capital

Fresh long-position can be initiated only if the stock moves above Rs 1,354.

Reliance Communications

Buy the stock in dips with stop at Rs 513.

Reliance Industries

On Thursday, the stock was choppy and has formed a spinning top candlestick pattern, which indicates indecisiveness. The volatility is likely to continue. Desist trading in this stock for the session.

Satyam Computer

We recommend a sell.

SBI

Negating our view, the stock fell in the last session accompanied with high volume. The significant support for the stock is at around Rs 1,600. Avoid trading in this stock as the outlook is cautious.

TCS

Make use of rallies to sell the stock with stop-loss at Rs 880.

Yoganand D.