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

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Equity Buy/Sell (Technical View)

Ø  We have earlier indicated support levels of frontline scrips - any reaction to these levels could be used to invest.

Ø  The following are good for accumulation :

o   Chambal Fert. > 92 ;                       

o   Gitanjali Gems > 325 ;                    

o   HDFC > 709 ;

o   Atlas Cycles > 456 ( we had advised investment around 406 and it hit 407 on 26/07).

o   Risk averse should await for a reaction to buy.

Ø  The following are for short term :

o   Coal India > 403 ;                            

o   Dr. Reddy > 1608 ;                          

o   Sesa Goa > 291 ;                             

o   Ultra Cem. > 1037.

  

Have strict stop losses