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

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Equity Buy/Sell (Technical View)

Ø  Defensives look good in an otherwise weak market.

Ø  We have been mentioning Cipla, Dr. Reddy, Ranbaxy, Hind Lever and ITC for some time.

Ø  Ranbaxy can be accumulated above 524 (recommended on 16/05 above 497 and it has touched 521).

Ø  Hero Honda is another scrip that is good and can be accumulated above 1890 ( recommended on 12/10 above 1810).

 COMMODITIES :

Ø  Silver remains sideways with no clear cut direction.

Ø  Gold is steadier of the two but has to cross 22300 for strength.

Have strict stop losses