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Equity Buy/Sell (Technical View)
Ø The following are good for accumulation :
o Shriram Transport > 890 ; Cummins > 806 ; IDBI > 185 ( target of 200 & 260) ; Maruti > 1592 ; J&K Bk. > 920.
Ø The following scrips look very strong :
o TCS, Reliance Ind. Canara Bk., Bank Baroda.
Ø The following support levels are to be keenly watched :
o SAIL - strong support ~ 185 ; Tata Steel - strong support ~ 550 Investors can accumulate near the support levels ( +/- 2-3 %)
Ø Commodities :
o Gold : Looks very strong and has good potential on the upside. Its immediate targets are 20600 and 21200 in MCX. Long term investors can invest at the current levels and accumulate more on reactions.
o Silver : This also looks strong like gold. Though one can see intermittent corrections, it is well on its way to the target of 38000-40000 on a longer time horizon and is near its immediate target of 37400-600. Investors can either wait for a reaction to enter or buy small quantities at current levels and accumulate larger quantities on a 1500 to 2000 Rs. reaction.
Have Strict Stop Loss
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