Date:07/11/2008 URL: http://www.thehindubusinessline.com/2008/11/07/stories/2008110751881100.htm

Back Day Trading Guide

ICICI Bank

Sell the stock in rallies with tight stop-loss at Rs 450 level.

Infosys

In the last trading session, the stock plummeted by 5 per cent, penetrating the 21-day moving average. We recommend a sell.

L&T

Utilise rallies to sell the stock while maintaining tight stop-loss at Rs 905.

ONGC

We recommend a sell in this counter.

Reliance Capital

The stock was volatile in this last trading session and it formed a spinning to candlestick pattern indicating indecisiveness. Avoid trading in this counter for the session.

Reliance Communications

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

Reliance Industries

In line with our expectation, the stock declined accompanied with high volume on Thursday. The daily relative strength index has re-entered into the bearish zone from the neutral region. We reiterate our sell recommendation in this counter.

Satyam Computer

Sell the stock in rallies with stiff stop-loss at Rs 284.

SBI

Initiate fresh short-position if the stock declines below Rs 1,190, with tight stop-loss.

TCS

We retain our sell recommendation.

Yoganand D.