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

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Equity Buy/Sell (Technical View)

Ø  With Nifty being sideways and moving down, not many scrips other than already recommended show signs of break-out / strength.

Ø  The following are good :  

o   Shasun > 79 ;

o   Arvind > 85/50 ;

o   Dabur > 119.

Ø  Investors can consider buying near the support levels of the following scrips :

o   Tata Motors ~ 965-70 ;

o   SBI ~2050 ( with a portion at current levels of 2180 ) ;

o   Reliance Ind. ~ 880 and 860.

Have strict stop losses