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Equity Buy/Sell (Technical View)
Ø Many scrips recommended in the last few sessions have moved up well. We mention below a few of the front line scrips and the recent lows made by them would act as good supports. We believe that unless these supports are violated on a closing basis, the scrips would try to touch their earlier all time highs. We would advise investors to enter at current levels and average on reactions. Risk averse investors can buy near support levels on reactions and there would definitely be reactions and opportunities.
Ø Scrip and their Support levels :
o ACC, Around 940, Arvind Mills ~ 48, Biocon ~ 360, Bank Baroda ~ 840, Canara Bank ~ 626, Chambal Fert. ~ 82, Dena Bk. ~ 113
o Hindalco ~ 194, ICICI Bk. ~ 1090, IDBI ~ 146, IOB ~ 131, LIC Hsg Fin. ~ 900, SBI ~ 2775, Tata Motors ~ 1140, Titan ~ 3400
Ø Bharti > 365 is good for the medium term.
Ø Cummins > 806 ; NIIT Tech > 215 are good for the short term.
Have Strict Stop Loss
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