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Equity Buy/Sell (Technical View)
Ø We had recommended ACC ( even on 02/11 for accumulation > 920) , Grasim, L&T, Rajesh Exports all of which had moved up well. One can expect a reversal up in Kotak Bk., Orchid Chem in the next one or two sessions. LIC Hsg Fin. which is correcting is a good opportunity to buy around 1275-1300. Partial investment can be made at this level. It could reverse up from these levels or after a correction of a further 60-75 .
Ø The following are good for accumulation :
o Auro Pharma > 1280 ; Bhushan Stl. > 527 ; Chambal Fert. > 88 ;
o Corp Bk. > 791 ; GE Ship > 371 ( recommended on 26/10 above 339) ; IOB > 170 ; Karnataka Bk. > 204 ; Orient Bk. > 535.
Ø The following are for the short term :
o Ambuja Cem. > 150/50 ; HDIL > 260 ; India Cem. > 118 ;
o Nagarjuna Fert. > 36/30 ; Power Fin. > 372 ; SCI > 185/50 ; Sun TV > 523
Have Strict Stop Loss
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