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

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Equity Buy/Sell (Technical View)

Ø  The following are good in the short-term:

• Indiabulls >156, Andhra Bk. >149,              Gitanjali >296,   
• Guj Alkalies >143,             Sesa Goa >293.
• L&T, which has been recommended from 1460-70 levels has touched 1720. It gains further strength on crossing 1770.

 Commodities-.

Ø  Silver had reacted from 59000 to 53000 levels. Some investors also follow the strategy of selling near 60000 (resistance levels mentioned by us) and cover near supports (49000) or little higher. For example investors who have sold near 59000 (with stop at 60100) could have profited atleast by 3000-4000 pts. Till a breakout on either side, risk adverse investors should wait patiently.

Have strict stop losses