Equity Buy/Sell (Technical View) March 31, 2011 ; IFCI Research

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Equity Buy/Sell (Technical View)

Ø  Many scrips are interestingly poised for a good move up. The following are good for the short term :

o   Alok > 22/70 ; Hotel Leela > 39/60 ; HPCL > 362 ; Indian Hotels > 86 ;

o   India Cements > 98/50 ; Kesoram > 205 ; Strides Arcolab > 380 ; Voltas > 184.

Ø  The following are good in the medium term ( accumulate) since most of them have already been recommended :

o   ACC > 1090 ; Arvind Mills > 68 ; BILT > 39/25 ; Century Text. > 358 ;

o   Cipla > 335 ; Corp. Bank > 659 ; Divis Lab > 689 ; Escorts > 145 ; Essar Oil > 128/50 ;

o   Fin. Tech > 873 ; Ambuja Cem > 152/50 ; IOC > 345 ; JP Associates > 93/50 ; Bajaj Auto > 1435 ; Wipro > 477.

Ø  The following look good on all time frames :

o   M&M > 715 ; Orient Bank > 398 ; SBI > 2876; Titan > 3890 ; HDFC ; HDFC Bk; Axis Bk.; IDBI.

Have Strict Stop Loss