10 May, 2011: Equity Buy/Sell (Technical View) IFCI research,

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Equity Buy/Sell (Technical View)

Ø  The following are good in the short term :

o   Bharat Forge > 350 ; Everest Kanto > 81/50 ; Federal Bk. > 423 ;

o   Hind Lever > 290 ; Petronet LNG > 136 ; Polaris > 208 .

o   Bata India > 459 is good in the medium term.

Ø   COMMODITIES :

o   Silver (Jul) has bounced up to touch 57700. It has resistance around 57800, 60600. It should be able to cross atleast 57800 for strength ( it is trading around 56600 as we write).

o   Gold as observed on 09/05 can be held with stops around 21590.

Have Strict Stop Loss