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Equity Buy/Sell (Technical View)
Ø Alongwith Nifty, many scrips also remained listless.
Ø The following scrips are however good :
o ACC > 1020 ; Gitanjali Gems > 250 ; RIIL > 722 ; Reliance Ind. > 1015; Sterlite Ind. > 172.
Ø Commodities :
o Silver touched 50,400 and reacted violently in 22/02 trades to touch a low of 48,621 (losing more than 1,400 pts.) We had advised profit booking at 50,000 levels. As we write, it has rebounded to 49700. It could be volatile and investors should stay in the sidelines and aviod trading. Risk takers can short at higher levels - near 50,000 with stops at 50,475.
o Gold has gone up to touch 20800. Investors can wait for a reaction to enter or buy above 20,875.
Have Strict Stop Loss
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