Date:25/04/2008 URL: http://www.thehindubusinessline.com/2008/04/25/stories/2008042552181701.htm

Back Day Trading Guide

ICICI Bank

Buy the stock in dips with stop loss at Rs 850.

Infosys

Fresh long position can be initiated if the stock moves above Rs 1,710 level with stiff stop loss.

L&T

In the last trading session, the stock formed a doji candlestick pattern. Desist trading in this counter for the day.

ONGC

Negating our prior view, the stock declined in the last trading session. Sell the stock if it fails to move above Rs 1,040 level.

Reliance Capital

In line with our expectation, the stock declined in the previous trading day. We retain our sell recommendation.

Reliance Communications

The stock tumbled penetrating the 50-day moving average on Thursday. We change our recommendation to sell.

Reliance Industries

On Thursday, the stock was choppy and shaped a doji candlestick pattern. Avoid initiating the buy or sell positions.

Satyam Computer

Initiate fresh short position only if the stock declines below Rs 431 with tight stop loss.

SBI

Desist trading in this counter as the outlook is still cautious.

TCS

We uphold our sell recommendation.

Yoganand D.