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

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Equity Buy/Sell (Technical View)

Ø  Alongwith Nifty, many scrips have also turned around and given signals of a break out. We would advise investors to watch Nifty for overall guidance and book profits at regular intervals.

Ø  The following are good for short term/medium term investments. To buy only above levels mentioned and to book profits at regular intervals :

• ABB > 859 ;                        HDFC > 673 ;                      HDFC Bk. > 2400 ;
• Hero Honda > 1878 ;        ICICI > 1075 ;                     IOC > 343 ;
• Infosys > 2920 ;                 Bajaj Auto > 1405 ;           TCS > 1146 ;
• Kotak Bk. > 453 ;               Parsvnath > 47/50 ;          Sun Pharma > 494 ;
• Tata Power > 1295 ;         Yes Bk. > 302 ;                   Bharti > 396.

Ø  The following scrips are good for the short term ( to buy only if a break out materializes in the next three sessions) :

• ACC > 990 ;                        BHEL > 1980 ;                    Bank Baroda > 874 ;
• Dena Bk. > 89 ;                  GAIL > 453 ;                       Union Bk. > 310 ;             
• NTPC > 188 ;                      Sesa Goa > 297/50 ;         Siemens > 888.

Ø  The following are good for the long term :

• Bata > 534 ;                       L&T > 1770 ( on a close)

COMMODITIES :

Ø  Gold and silver have reacted sharply. Silver is near 52000 and gold near 22200 which is their short term support levels.

Ø  While the long term supports of 21600 in gold and 49500-600 for silver are still in tact, the commodities could provide an opportunity for aggressive short term traders with small stops strictly in place.

Have strict stop losses