28 April 2011: IFCI research, Equity Buy/Sell (Technical View)

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Equity Buy/Sell (Technical View)

Ø  Investors may recall that on 27/04, we had recommended Shasun Chem above 67 and it was locked in upper circuit 20%. It looks good on charts and has the potential to reach 100 and probably also scale its all time high of 157. Investors may also watch Tata Coffee or can perhaps invest a portion at the current levels around 925 and average if it goes down near 860-875.

Ø  The following scrips are good to accumulate in the medium term :

o   Shasun > 79 ; ABB > 859 ; Bata > 440 ( recommended by us earlier on 30/03 above 400 and again on 15/04 above 421) ; Educomp > 482 ; Lupin > 429 ; M&M > 778 ; MICO > 7035 ; ONGC > 314 ; Orchid Chem > 322 ; Praj Ind. > 85.

Ø  The following are for the short term :

o   Andhra Bk. > 147 ; Syndi Bk. > 126/50.

Ø  COMMODITIES :

Ø  Silver ( and gold to some extent) is volatile. As opined earlier, silver reacted sharply from our last target of 73000. Investors should have booked profits around 70000/73000. Now it is time for a little bit of patience and wait for a clear trend to emerge.

Have Strict Stop Loss