Equity Buy/Sell (Technical View) March 28, 2011 ; IFCI Research

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Equity Buy/Sell (Technical View)

Ø  Many scrips we have been recommending in the past few days/weeks have moved up well. The following scrips in particular have done well:

o   Tech Mahindra, IDFC , Yes Bk., ABB, Escorts, Amtex Auto , Bata, Welspun Guj.,  Parsvnath.

Ø  Apart from the above, many other scrips have also given break out signals. Investors are advised to go long only above the levels indicated below.

Ø  The following are good in the short term :

o   Arvind Mills > 58/50 ; Bank Baroda > 935 ; Corp. Bank > 573 ; Fin. Tech > 840 ; Hind Lever > 275 ; Hind Zinc > 140

o   Ktk. Bank > 110 ; NTPC > 185 ; Power Fin. > 248 ; Chambal Fert. > 78 ; DLF > 252.

Ø  The following scrips are good in the medium term :

o   Allahabad Bk. > 221 ; Axis Bk. > 1375 ; BHEL > 2060 ; Bhushan Stl. > 455 ;  Gitanjali Gems > 291 ; Ambuja Cem. > 140 ;

o   HDFC Bk. > 2285 ; HDFC > 670 ; ICICI > 1102 ; IOB > 150 ; ITC > 179 ; Kotak Bk. > 457 ; LIC Hsg Fin. > 210 ;

o   PNB > 1150 ; Infosys > 3200 ; L&T > 1615 ; ONGC > 279 ; TCS > 1135 ; Wipro > 460.

Ø   Commodities :

o    Precious metals, esp. gold and silver seem to still have a lot of steam left. Gold has a target of 23,000 and silver now at 65,000.

o    Investors are advised to hold longs with stops at 20,375 in gold and silver around 54,975 ( for the risk averse).

o    Crude oil has first resistance around 4840 and if crossed, the next at 4,930.

o    Copper can be accumulated above 443.

Have Strict Stop Loss