Date:01/07/2008 URL: http://www.thehindubusinessline.com/2008/07/01/stories/2008070151401700.htm

Back Day Trading Guide

ICICI Bank

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

Infosys

Sell the stock only if it reverses for Rs 1,800 level, with tight stop.

L&T

Utilise rallies to sell the stock with stiff stop at Rs 2,212.

ONGC

The stock is currently hovering above the key support level Rs 800. Fresh short-position can be initiated only when the stock declines below Rs 800 level, with tight stop-loss.

Reliance Capital

We recommend a sell in this counter.

Reliance Communications

In the last trading session, the stock tumbled more than 6 per cent accompanied with good volume. We retain our sell recommendation in this stock for the session.

Reliance Industries

After encountering resistance at Rs 2,250 recently, the stock appears to have resumed the downtrend. The relative strength index has re-entered the bearish zone. We recommend a sell.

Satyam Computer

Sell the stock in rallies while maintaining tight stop-loss at Rs 460.

SBI

Desist trading in this counter for the session as the outlook is cautious.

TCS

Fresh short-position can be initiated if the stock falls below Rs 850 with tight stop.

Yoganand D.