Date:25/06/2008 URL: http://www.thehindubusinessline.com/2008/06/25/stories/2008062552141501.htm

Back Day Trading Guide

ICICI Bank

Fresh short-position can be initiated, if the stock declines below Rs 692, with stiff stop-loss.

Infosys

The near-term outlook for the stock is bearish. We recommend a sell.

L&T

In line with our expectation, the stock declined in the last trading session. We reaffirm our sell recommendation in this counter for the day.

ONGC

The stock failed to surpass Rs 900 level, as it experienced selling pressure. Utilise rallies to sell the stock with stop loss at Rs 888.

Reliance Capital

The stock is pausing at current levels. Avoid initiating buy or sell positions in this counter for the session.

Reliance Communications

Sell the stock, if it fails to exceed Rs 484 level with stiff stop loss.

Reliance Industries

The stock is witnessing selling pressure at higher levels. Sell the stock in rallies with stop loss at Rs 2,133.

Satyam Computer

We recommend a sell in this stock.

SBI

Initiate short position, only when the stock declines below Rs 1,192 with tight stop loss.

TCS

The relative strength index of the stock has entered into the bearish zone in the last trading session. We retain our sell recommendation for the day.

Yoganand D.