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Equity Buy/Sell (Technical View)
Ø Investors would have noted that we had advised investments in some of the shares like Canara Bk. ~ 570 and HDFC ~ 650. It is pertinent to note that the low for Canara Bk. was 569 and for HDFC it was 649/70 from where it recovered smartly. We had also expected a trend reversal in Praj on 10/11 and it materialised today with an almost 8% upmove in this scrip.
Ø The following are good for the medium term :
o Grasim > 2460 ; Hind Zinc > 1450 ; Jindal Saw > 221 ; M&M > 757 ; Ranbaxy > 572 ; Sesa Goa > 345.
o L&T has strong support around 1700 and investors are advised to buy around 1700-1750 levels.
o Sun TV and Essar Oil > 132 are good in the short term.
Have Strict Stop Loss
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