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

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Equity Buy/Sell (Technical View)

Ø  We have only to recommend Essar oil above 132/50 for short term.

Ø  Titan: We had mentioned on 24/05 that if it crosses 4250  it will move up by Rs 500-600. It had touched almost 4600 in today's trade. One can accumulate small quantities beyond 4600 for a upward move of Rs.100-200. Risk averse can book partial profits near 4600.

Ø  Some of our investors would like to know regarding our accumulation advise.We would advise taking larger qty in the first buy signal and progressively take lesser quantities as they buy higher. For example, Titan was recommended by us at around 3300 levels(23/12) and at 3500, 3800 etc. Investors, for example could buy say 100 share at 3300, 40 shares around 3500, 25 around 3800 and 10 around 4600. Much like an inverted pyramid.

Have strict stop losses