IFCI research, : 3 March 2011 -Equity Buy/Sell (Technical View)

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Equity Buy/Sell (Technical View)

Ø  Many scrips have given a break-out signal. However it has to be followed up by sustained move up. The following are good in the short term and if they maintain the momentum, then can be held for the medium term :

o   Bharat Forge > 339 ; Bank India > 467/50 ; Federal Bk. > 365 ; JSW Steel > 960 ;

o   Havels > 354 ; HDIL > 170 ; Hind Zinc > 1332 ; IDFC > 156 ; ITC > 175/50 ;

o   Bajaj Auto > 1346 ; Maruti > 1320 ; Triveni Eng. > 101.

Ø  It may be recalled that we had earlier advised buying into Auro Pharma around 160 and Ashok Leyland around 45 - they touched these supports and moved up smartly. Short term traders can book partial profits and move stops to cost.

Have Strict Stop Loss