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Equity Buy/Sell (Technical View)
Ø The following are good in the medium term :
o Tata Power > 1306 ;
o Yes Bk. > 332 ;
o Biocon > 376.
Ø The following are good in the short term :
o ABB > 905 ( resistance ~ 913, 950) ; Alsthom > 617 ; BHEL > 1992 ;
o Dena Bk. > 91 ;
o IDFC > 144/50 ;
COMMODITIES :
Ø Gold and silver continued to move forward. Gold touched 23300 and is only slightly short of its first target of 23400. We have to watch for a close above 23400 (+/- 0.5%) for the next target. Silver ( as we write) has crossed 60000 and touched 60050. On closing above 60000 ( +/- 0.5%) , it is well on its way to touch 75000 and 90000.
Ø Those who had missed this rally need not worry. A reaction is expected which will provide an opportunity to invest.
Have strict stop losses
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