21 October 2010

Oct 20th, 2010- Equity Buy/Sell (Technical View) by IFCI research

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Equity Buy/Sell (Technical View)
Ø  The following scrips could reverse up and move smartly once the present correction is over. We give below the second levels of supports which could be used for averaging :
o    ACC - around 950 & 890 ; Axis Bk. ~ 1395 & 1325 ; DLF ~ 346 & 337 ;
o   Grasim ~ 2140 ; HDFC ~ 680 ; HDFC Bk. ~ 2240 ; Hindalco ~ 201 & 195 ;
o   ICICI ~ 1080 & 1048 ; Kotak Bk. ~ 470 ; LIC Hsg Fin. ~ 1310 & 1270 ;
o   SAIL ~ 210 & 203 ; SBI ~ 2880 & 2780.
Ø   The following are good :
o    Bank India > 535 ; Central Bk. > 213/50 ; Lupin > 443 ; Ranbaxy > 598 ;
o   Auro Pharma > 1175 ; BILT > 38/75.
Have Strict Stop Loss

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