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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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