Tuesday 4 November 2008

Day Trading Guide - November 5, 2008




ICICI Bank

In the last trading session, the stock breached the resistance level Rs 450. The outlook remains positive as long as the stock trades above Rs 445. We recommend a buy.

Infosys

The stock declined 3 per cent with above average volume on Tuesday. The counter is witnessing selling pressure. We recommend a sell.

L&T

The stock surged in line with our expectation in the last trading session. Moreover, it crossed over the 21-day moving average, reinforcing bullishness. We reiterate our buy recommendation in this counter.

ONGC

The near-term outlook is bullish for the stock. We retain our buy recommendation in ONGC.

Reliance Capital

We re-affirm our buy recommendation in this stock.

Reliance Communications

Fresh long-position can be initiated if the stock surpasses Rs 259 level, with tight stop-loss.

Reliance Industries

The stock is currently testing the resistance level of Rs 1,465. Buy the stock in dips with stop-loss at Rs 1,420.

Satyam Computer

The stock tumbled 7 per cent, penetrating the 21-day moving average accompanied with above average volume. We recommend a sell in this counter.

SBI

We recommend a buy.

TCS

Sell the stock in rallies with stiff stop-loss at Rs 527.

Source: TheHinduBusinessLine

Posted by Harsh at 12:26

1 comment:

  1. Trading4 January 2011 at 17:14

    The main theme of this site is day trading guide which is explain about trade price in different banks and industries. Thanks for more sharing with us....

    Day Trading Guide

    ReplyDelete

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