12 Sept, 2011: Equity Buy/Sell (Technical View) IFCI research,

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Equity Buy/Sell (Technical View)  

Ø  While some scrips held in an otherwise weak market., viz., Hero, Gitanjali, Parsvanath, HLL, Arvind  etc., cement scrips had reacted alongwith many other frontline scrips. It is for this reason that trailing stops was recommeneded. Investors are advised to watch Nifty for broader direction before making fresh commitments. We would again advise scrips for investment if and when Nifty reacts further.

Ø  Bank Nifty has support around 9360.

 Commodities:

Ø  Gold, silver have been volatile. Investors are advised to buy near supports with stops in place.

Have strict stop losses