06 May 2011

IFCI research, Equity Buy/Sell (Technical View) Ø May 6, 2011

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Equity Buy/Sell (Technical View)
Ø  The following scrips look good in an otherwise weak market - to buy only above the levels indicated  :
o   Lupin > 438 ; Hero Honda > 1725.
o   Shriram Transport has strong support around 475 and Axis Bk. around 1150.
Ø   COMMODITIES:
o   Silver : As expected, silver witnessed further reaction. If the support at 54750 fails, its next support is far away at 51600. Traders would have noted that silver had taken support around 54800 and bounced up by more than 2000 points ( as we write, it is trading at 56610). In view of the volatility, we would advise traders to have strict stops near 54700.
Have Strict Stop Loss

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