23 August, 2011: Equity Buy/Sell (Technical View) IFCI research,

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Equity Buy/Sell (Technical View)  

Ø  The following are good for the short term :

• Colgate > 964 ;
• Dabur > 109 ;
• Bajaj Auto > 1500 ;
• ONGC > 291.
• Bata India > 700 is good for the medium term.

COMMODITIES:

Ø  Gold and silver are volatile in 22/08 trades.

Ø  Gold has seen a new high of 28244 before reacting. Short term traders , as we mentioned earlier can book profits partially and have trailing losses for the rest.

Ø  Silver, as we mentioned earlier will scale new highs but will be volatile if there is profit booking in gold.

Have strict stop losses