IFCI research, Equity Buy/Sell (Technical View) March 17, 11

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Equity Buy/Sell (Technical View)

Ø  The following scrips are good for the short term - to have trailing stops to protect profits :

o   ACC > 1040 ; Zylog > 400 ; BILT > 34/25 ; ICICI > 1038 ; TVS Motors > 58/50 ;

o   Orchid Chem > 295 ; Parsvnath > 39 ; Sobha Dev. > 266 ; Rel Energy > 660 ;

o   Union Bk. > 345 ; Yes Bk. > 282.

Ø  The following recommendations given earlier, continue to be good. On further move up in tomorrow's session, investors can book partial profits or have trailing stops :

o   Bhushan Steel, Escorts, Central Bk., Essar Oil, Reliance Cap.,

o   Tech Mahindra, Welspun Gujarat.

Ø  Commodities :

o    Crude and copper presently reacting, will start moving up.

Have Strict Stop Loss