Date:01/10/2008 URL: http://www.thehindubusinessline.com/2008/10/01/stories/2008100151521500.htm

Back Day Trading Guide

ICICI Bank

Initiate fresh long-position if the stock moves above Rs 550 with tight stop-loss.

Infosys

In the last trading session, the stock found support at Rs 1,300 and recovered. Buy the stock in dips with tight stop-loss at Rs 1300.

L&T

On Tuesday, the counter gained 4 per cent with good volume and formed piercing line candlestick pattern, which signals bullishness. We recommend a buy in this counter.

ONGC

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

Reliance Capital

The stock has formed piercing line candlestick pattern that signals bullishness. We recommend a buy.

Reliance Communications

Fresh long position can be initiated if the stock crosses Rs 342 level, with stiff stop-loss.

Reliance Industries

The outlook remains positive as long as the stock trades above Rs 1,900 level. Buy the stock in declines.

Satyam Computer

The stock has formed a spinning top candlestick pattern, indicating indecisiveness in the previous trading session. Avoid trading in this stock.

SBI

The stock rallied shaping a bullish engulfing candlestick pattern on Tuesday. We notice above average volume. We recommend a buy.

TCS

We retain our buy recommendation in this counter.

Yoganand D.