30 August 2011

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

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Equity Buy/Sell (Technical View)  

Ø  Most of the frontline scrips (except Maruti) staged an impressive recovery from the lows.

Ø  The following are good in the short term :

o   Shriram Transport > 627 ;
o   ITC > 204 ;
o   M&M > 745 ;
o   Omaxe > 131 ;
o   Rajesh Expo > 114.

Ø  The following are for the medium term :

o   Chambal Fert. > 104 ;
o   Bajaj Auto > 1625
Commodities:
Ø  Gold  and Silver have been volatile. Gold becomes strong only on crossing 28300. Traders should wait for it to cross 28300 or buy near 25500-25750 with stops around 25440.

Ø  Silver has support around 59000. Traders can go long near supports with stop at 58600

Have strict stop losses

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