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Equity Buy/Sell (Technical View)
Ø Metals, tech sector followed by autos have given the necessary impetus to Nifty. Oil and gas looks a dark horse.
Ø The following scrips are good for accumulation :
o Arvind Mills > 66 ; Auro Pharma > 1350 ; BHEL > 2345 ;
o Bhushan Stl. > 472 ; Cairn India > 338 ; Hindalco has resistance around 240 and if it is able to close above it, can reach 260 levels;
o Mphasis > 680 ; SAIL > 198 ; Wipro > 502 ; Hero Honda > 2015.
Ø The following are for the short term :
o Tech Mahindra > 713; Hind Zinc > 1270 ; Sterlite Ind. > 178/50.
o Sun Pharma has good support around 400-405 levels and then around 370. It is presently reacting and will be an opportunity for long term investors to buy around 400.
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