May 11, 2011 ; Equity Buy/Sell (Technical View) IFCI research

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Equity Buy/Sell (Technical View)

Ø  Bata India and Hind Lever recommended on 10/05 made further upmoves.

Ø  The following are good :

o   Auro Pharma > 197 ; Amtek Auto >151 ; Gitanjali Gems > 271.

Ø  COMMODITIES :

o   Silver faces major hurdle around 60500 ( +/- 1%). Investors who had gone long at lower levels could consider booking profits atleast partially or have trailing stops.

o   Gold : Has moved up by more than Rs.400 from our levels (21740) and can continue to hold.

Have Strict Stop Loss