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

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Equity Buy/Sell (Technical View)

Ø  The following scrips have reacted and we give below support levels :

o   L&T ~ 1630 , 1475 ;

o   Auro Pharma ~ 156 ;

o   SBI at current levels, ~ 2120 & 2040 ;

o   ICICI ~ 940.

Ø  The following are expected to reverse and move up :

o   Praj Ind., and

o   Atlas Cycles.

Ø  The following are good :

o   Hotel Leela > 44/25 ;

o   Petronet LNG > 173 ;

o   CESC > 344 ;

o   Bharti > 433/50.

Ø  The following scrips are for the short term :

o   Cairn > 317/50 ;

o   DLF > 225 ;

o   Peninsula > 54 ;

o   Maruti > 1226 ;

o   Ind Hotel > 79.

  

Have strict stop losses