Emkay: Equity Buy/Sell (Technical View)- Oct 14th

Equity Buy/Sell (Technical View)

Ø  We recall our recommendations in the last two sessions in respect of individual scrips : On 11/10 we had mentioned :

•  o    We give below a list of scrips which have reacted well in the last few sessions. The scrips could bounce up in a session or two. Investors can start making partial investments at the current levels ( near close of 08/10):

o    DLF ; JSW Steel : HDFC : HDFC Bk.; Hind Lever ; LIC Hsg Fin. : M&M ; Siemens ; Yes Bk. ;Tata Motors ; Tata Steel

•  Ø   Again, on 12/10 we had observed :

•  o    HDFC Bk. HDFC, LIC Hsg Fin. are expected to move up in a session or two.

Ø   The following continue to be good :

o    Bank Baroda ; ICICI ; Kotak Bk.; M&M ; Orchid Chem ; SAIL ; Tata Motors ; SBI ; Vijaya Bk.

•  Ø   All of the scrips we had mentioned above moved up very well during the day's trade giving excellent returns.

Ø   Along with Nifty, Bk. Nifty, many scrips have moved up well and look good. However, we would advise caution and also be prepared for a reaction. Hence accumulation has to be done in small doses and partial booking of profits at regular intervals would also be a good idea.

Ø   The following are good for accumulation :

o    ABB > 927 ; ACC > 1050 ; Arvind > 54 ; Axis Bk. > 1600 ; BHEL > 2608 ; Dena Bk. > 122 ; DLF > 392 ; JSW Stl. > 1365 ; HDFC > 744 ;

o   HDFC Bk.  > 2460 ; Hind Lever > 307 ; ICICI > 1170 ; IDBI > 164/50 ; IDFC > 216 ; Infosys > 3175 ; IOB > 161/50 ; Bajaj Auto > 1565 ;

o   L&T > 2100 ; M&M > 744 ; Maruti > 1572 ; Orchid Chem > 303 ; Ranbaxy > 615 ; Reliance Ind. > 1079 ; SBI > 3325 ; Siemens > 844 ;

o   Syndi Bk. > 140 ; TCS > 1002 ; Wipro > 490 ; ONGC > 1395 ; ITC > 178.

Ø   The following scrips are good for the short term :

o    Zylog > 608 ; AIA Eng. > 419 ; Cummins > 753 ; Neyveli Lignite > 180 ; Petronet LNG > 123.

Have strict stop loss