18 October 2010

Equity Buy/Sell (Technical View) - Oct 18th 2010 by IFCI research

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Equity Buy/Sell (Technical View)
Ø  We anticipate Nifty to reverse up and give below key support levels for scrips which could bounce up and investors can start making partial investments :
o   ACC around 980 & 950 ; Axis Bk. ~ 1450 ; Bhushan Stl. ~ 495 ; Alsthom ~ 804 & 774 ; Bank India ~ 528 & 504 ; DLF ~ 367 ; JSW Steel ~ 1300-1310 :
o    Ambuja Cem. ~ 135 ; HDFC ~ 696 ; HDFC Bk. ~ 2340 ; ICICI ~ 1095 & then 1080 ; IDBI ~ 154 ; Bajaj Auto ~ 1425 ; Kotak Bk. ~ 498 & 470 ; LIC Hsg Fin. ~ 1370 ;
o   M&M ~ 690-694 ; Orient Bk. ~ 475 ; SAIL ~ 210 ; SBI ~ 3165 & 3040 ; Tata Steel ~ 620.  Arvind Mills, Chambal Fert., Orchid Chem, Tata Chem & Vijaya Bk.  continue to be good.
Ø   Long term investors are advised to get into Reliance Industries at current levels. One can expect to reap good returns.
Have Strict Stop Loss

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