7 July: Equity Buy/Sell (Technical View) Ø IFCI research

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Equity Buy/Sell (Technical View)

Ø  The scrips which had shown signs of strength early, continue to consolidate. The following are good for accumulation  ( investors can

however invest lesser quantities).

o   Tata Coffee > 900 ;                         Bata > 621 ;

o   Chambal Fert. > 84/50 ( had given a couple of false signals earlier and hence investors can take lesser exposure) ;

o   HDFC > 718 ;                                     HDFC Bk. >2565 ;

o   Tech Mahindra > 750 .

Ø  The following are good for the short term :

o   Zylog > 415 ;                                     Bharat Forge > 326 ;

o   Biocon > 371 ;                                  Essar Oil > 129 ;

o   Sasken Comm. > 156 ;                      Sesa Goa > 296/50.

Have strict stop losses