Date:28/05/2008 URL: http://www.thehindubusinessline.com/2008/05/28/stories/2008052851831501.htm

Back Day Trading Guide

ICICI Bank

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

Infosys

The outlook is cautious for the stock. Avoid initiating buy or sell positions in this counter for the day.

L&T

On Tuesday, the stock experienced selling pressure at around Rs 2,800 and declined. Sell the stock in rallies with stop at Rs 2,800.

ONGC

The outlook for the stock is still cautious. The RSI is featuring in the oversold region. Desist trading in this counter for the day.

Reliance Capital

The near-term outlook for the counter is bearish. We re-affirm our sell recommendation.

Reliance Communications

Initiate fresh long-position, only if the stock moves above Rs 562, with stiff stop loss.

Reliance Industries

The stock witnessed selling pressure at higher levels in the last trading session. Fresh short-position can be initiated if the stock declines below Rs 2,467.

Satyam Computer

Initiate fresh long position, only if the stock exceeds Rs 506, with tight stop loss.

SBI

The stock fell in the previous trading session, in line with our anticipation. We retain our sell recommendation.

TCS

Buy the stock in dips with stop loss at Rs 954.

Yoganand D.

BL Research Bureau