20 September 2011

20 Sept 2011:: Morning News (click on link to read article) IFCI research,

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Equity Buy/Sell (Technical View)

Ø  It Most of the scrips recommended on 19/09 did not trigger the buy levels which was expected since Nifty's move was to determine the individual scrips movement.
Ø  Only a few scrips recommended stood out in an otherwise non-eventful day viz. Gitanjali, Parsvnath, Omaxe etc. Short term traders should however have trailing stops in place.
o   LIC Housing > 220 is good.
o   Bajaj Auto has good support around 1560-65. A small portion can be bought ( those not already invested) at these levels.

Have strict stop losses

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