Equity Buy/Sell: IFCI research, 28 Jan, 2011

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Equity Buy/Sell

Ø  Weakness appears to have crept into healthcare sector also and a further downside could be a good opportunity to invest in the sector. We have already mentioned support levels for a few of them.

Ø  The following look good :

o   ACC > 1050 ; Alok Ind. > 27/25 ; Tata Motors > 1208 ; TCS > 1215 .

o   BHEL has support around 2150 and then 2050. Investors can consider buying ( or averaging) around the levels indicated.

Ø  Commodities :

o   Gold, silver and copper are still in correction mode - investors should avoid taking long positions except on intra-day basis.

o  We had mentioned about the current correction on 15/12 and on 31/12. For example, we had also advised booking profits (at least partially) at 46250 in silver.

Have strict stop losses