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| BUSINESS LINE
Intra-Day: Buy L&T, SBI at...
2008-09-02 09:20:47
L&T
The 50-day moving average of the stock is hovering around Rs 2,539. Buy the
stock in dips with stiff stop-loss at Rs 2,539.
The near-term outlook is bullish for the stock. We recommend a buy in this
counter.
In the last trading session, the counter closed above the key resistance level
Rs 420, reinforcing bullishness. We recommend a buy.
We recommend a buy with stop-loss at Rs 1,390.
| Company | LTP (Rs) | Support 1 | Support 2 | Resistance 1 | Resistance 1 |
| L&T | 2562 | 2539 | 2502 | 2581 | 2615 |
|
Reliance Capital |
1351 | 1330 | 1300 | 1374 | 1401 |
| Satyam Computer | 423 | 414 | 401 | 430 | 440 |
| SBI | 1416 | 1390 | 1360 | 1440 | 1477 |
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*Last
Traded Price
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In a buy 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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