25 July, 2011: Equity Buy/Sell (Technical View) IFCI research,

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Equity Buy/Sell (Technical View)

 

Ø  The following are good for the medium term. Investors are advised to accumulate above the levels indicated :

o   India Bulls > 193 ;                             Shriram Transport > 710 ;                               Allahabad Bk. > 221 ;

o   BEL ( recommended above 1675 on  08/07) > 1754 ;                                             Bharat Forge > 344/50 ;

o   Bharti > 415 ;                                    CESC > 336/50;                                               Chambal Fert. > 89 ;

o   Hind Zinc > 145/50 ;                         PNB > 1180 ;                                                    Yes Bk. > 332.

Ø  The following are for the short term :

o   ACC > 1000 ;                                     Axis Bk. > 1318 ;                                              Colgate > 1005 ;

o   Everest Kanto > 92 ;                         GAIL > 470 ;                                                      GE Shipping > 286 ;

o   Grasim > 2235 ;                                ICICI > 1075 ;                                                   Jet Air > 508 ;

o   Mphasis > 449 ;                               Praj Ind. > 96 ( recommended on 01/07 above 79 and on 21/07 above 81) ;

o   Engineers India > 292.

COMMODITIES :

 

Ø  Gold : We had mentioned on 21/07 that risk takers can try longs when there was a reaction ( near 22800) with stops around 22795. Gold touched 22831 and bounced up.

Ø  Silver has short term support near 57000. Any reaction near 57000 can be a good area to buy with stops around 56945.

Have strict stop losses