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Intra-Day: Sell Infosys, L&T at...

Source BUSINESS LINE
Last Updated: Wed, Sep 24, 2008 09:39 hrs

Infosys

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

L&T

In line with our anticipation, the stock fell during the previous session, witnessing selling pressure. Initiate new short-position if the counter breaches Rs 2,500-level, with stiff stop-loss.

Reliance Communications

Sell the stock in rallies with tight stop-loss at Rs 379.

Satyam Computer

We reiterate our sell recommendation.

SBI

In the last trading session, the stock fell by 4 per cent, experiencing sell pressure. We recommend a sell.

TCS

Utilise rallies to sell the stock with stop-loss at Rs 748.


Company LTP (Rs) Support 1 Support 2 Resistance 1 Resistance 1
Infosys 1543 1525 1500 1576 1600
L&T 2529 2500 2462 2560 2598
Reliance Communications 367 360 350 379 390
Satyam Computer 331 320 305 342 353
SBI 1502 1477 1450 1530 1560
TCS 720 710 700 730 748
*Last Traded Price

In a sell recommendation, the supports would be the targets and the nearest resistance would be the stop loss; The recommendations would be valid for todays trading only. LTP - Last traded price.

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