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Equity Buy/Sell (Technical View)
Ø Investors can stay with scrips advised for medium term investments in the last few sessions like Bajaj Auto, Yes Bk., PNB, Tata Power, Bata etc. which continue to be good.
Ø The following can be accumulated for the short term :
o Hero Honda > 1926 ; Siemens > 933 ; DCB > 65/25 ; Essar Oil > 132 ;
o HDIL > 177 ;
Ø LIC Hsg Fin. resisted at levels suggested by us around 245-246 and has reacted sharply. It presents a good opportunity to invest again. It has good supports around 213,205 and 197. Investors can consider making partial investments around current levels and further if there is a reaction near 200-205.
COMMODITIES :
Ø Gold and silver made a sharp recovery in Friday's trade. They are interestingly poised. Gold could move up further if it is able to cross 22400. It however faces resistance
around 22850-900.
Ø Silver gains strength on crossing 55000. It faces resistance around 60000 on the upside.
Have strict stop losses
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