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

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Equity Buy/Sell (Technical View)

Ø  The following are good :

o    Glaxo > 2470 ; Ambuja Cement > 162 ; Sun Pharma > 472 ; Colgate > 913 ; Ultratech > 1100.

Ø   We can expect reversal up in Chambal Fert. and DCB shortly.

Ø   COMMODITIES:

o    Silver : It continues to slide amidst volatility. It is expected to move up as long as 66,300 is not violated on the downside. Risk averse traders can try longs near 66,500 - 67,000 with stops around 66,250.

o   Gold : It has made a dramatic move up. It is near its first target of 23,000. Investors can hold longs with stops around 21,750.

Have Strict Stop Loss