IFCI research, Equity Buy/Sell (Technical View) February 7, 2011

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Equity Buy/Sell (Technical View)

Ø  Commodities :

Ø  At a time when the equity market is going through convulsions and trying to form a base, it would be worthwhile to look at commodities

o    Silver : We had advised buys in silver above 43500 with stops around 42450. It has already touched 44500. A move past 44800 would take it to atleast 47000. Investors could accumulate on a move above 44800 and move stops to cost.

o   Copper : It has seen non-stop rally. It should also be noted that the stop in copper at 419 did not trigger. Its minimum target is 485. Investors can accumulate on reactions near 455 and stops can now be raised to 425.

Have Strict Stop Loss