25 April 2011:: IFCI research, Equity Buy/Sell (Technical View) Ø Commodities VIEW

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Equity Buy/Sell (Technical View)

Ø  The following are good in the medium term for accumulation :

o   Alok Ind. > 27/50 ; Arvind > 79 ( or near 76) ; Everest Kanto > 89/50 ; Havels > 414 ; HDFC > 736 ; HDFC Bk. > 2420 ; Hind Zinc > 156 ; Hindalco > 222/50 ;

o   ONGC > 307 ; Petronet LNG > 139 ; Praj Ind. > 81/50 ; SBI > 2885 ; Maruti > 1319 ; Sesa Goa > 325 ; Sterlite Ind. > 181.

Ø  The following scrips are good in the short term :

o   Deccan Aviation > 48 ; GE Ship > 292/50 ; Hind Lever > 291 ; KPIT Cummins > 176 ; NIIT > 59 ; S. Kumar > 70.

Ø  COMMODITIES :

o   Silver : It has been rallying non-stop. It has touched 68,180 ( very near our second target of 70,000). Though we expect a reaction in the next couple of sessions, it may defy gravity to move up. Our advise to traders is therefore to keep moving up the stop losses. Risk averse traders can move up trailing stops to 65,750. Investors with a long term horizon can have stops around 54,690 as it has strong support around 54,700 from where it can bounce up even if there is a reaction. The best strategy according to us is to book partial profits at current levels and move the trailing stops to 65,750 and buy on reactions near 55000-57000. We would advise the correct levels once a reaction sets in.

o    Gold : It has touched 22000. Partial profit booking is advised on any upmove as this metal could also react along with silver.

Have Strict Stop Loss