IFCI research, Equity Buy/Sell (Technical View) 9 Feb 2011

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Equity Buy/Sell (Technical View)

Ø  Many investors have started worrying and some are in a state of panic also. We have been recommending buys at 5700 levels and now at these levels. The moot question is however what happens if these levels are not held. Our recommendation is to invest in the markets like SIP at a time when markets are reacting like this. We are still doggedly holding to our views that our market is bullish on a longer time horizon and there is no change in our views that present reaction is an opportunity.

Ø   We give below the second and third levels of supports of scrips ( many of which have already been indicated ) :

o   Arvind Mills ( 53,46) ; Ashok Leyland ~ 46 ; Axis Bk. ~ 1150 ; Canara Bk. ~ 525 ;

o   JSW Steel ~ 720 ; HDFC ~ 570 & 500 ; IDBI ~ 115  ; L&T ~ 1390 ;

o   Reliance Ind. ~ 900 & 855 ; SBI ~ 2450; Titan ~ 3200 & 3160.

 

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