26 April 2011

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

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Equity Buy/Sell (Technical View)
Ø  Out of our recommendations for 25/04, Sesa Goa, Sterlite Ind. and SBI have moved up well.
Ø  The following scrips are good for accumulation :
o   Chambal Fert. > 89 ; DCB > 64 ; Divi's Lab > 708 ; Financial Tech. > 900 ;
o   Ambuja Cement > 157 ; Indian Bk. > 250.
Ø  Titan has strong resistance around 4240. It is expected to test this level a few times before crossing over. If this is done on a closing basis, the upside  potential could be an increase of Rs. 500 to Rs.600.
Ø  COMMODITIES :
o   Silver : Silver reached our last target of 73,000 ( high 73,600) before reacting by more than Rs.7,000. It is highly volatile as we write. The sensible strategy would be to keep away for the present and buy on good reactions ( which would be advised later).
Have Strict Stop Loss

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