Apr 13, 2011: Equity Buy/Sell (Technical View) Ø IFCI research,

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Equity Buy/Sell (Technical View)

Ø  We provide below the entry levels of scrips which are reacting :

o   M&M - near 692-695 ( close 710) ; BHEL ~ 2150 ( close 2197) ; HDFC ~ 2290 & 2240 ( close 2296) ; Hero Honda ~ 1575 ( close

o   1638) ; IDFC ~ 145 ( close 153) ; LIC Hsg ~ 200-205 ( close 221); ACC, Guj Ambuja, Axis Bk., Bank Baroda, Bata, Bharat Forge can also be bought on reactions.

Ø  The following are good for accumulation :

o   Canara Bk. > 645 ; Divis Lab > 725 ; Infosys > 3270 ; Sun Pharma > 457 ; GIC Hsg Fin. > 117 ; Tata Coffee > 978.

Ø  COMMODITIES :

o   It may be recalled that on 11/04 we had anticipated a reaction in silver and gold. Silver has indeed reacted from 61,400 and as we write, has reacted to 59,100. Some more reaction ( say by another 2% ) will be an opportunity to buy silver. However, long term investors can stay put with stops around 55,900 as mentioned earlier.

Have Strict Stop Loss