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

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Equity Buy/Sell (Technical View)

Ø  Cement, Auto sectors continue to be good. Pharma sector has also given signals of stabilising.

Ø  The foll are good for accumulation:

• Gitanjali>374( recommended by us on 5/9 above 322 and on 9/9above 337),
• Grasim>2380( 26/8 above 2182, 15/9 above 2240),
• Jpassociates>75,
• jindalstainless>113.5,
• arvind>101( reco > 85.5 on 6/9, >87 on 9/9),
•  Acc>1083,
• Bataindia>716,
• Hdfcbk>500.

Ø  The foll are for short term:

• Bomdyeing>364,                             Coalindia>390,                  Centurytex>310,                              Divis>751,                          Lupin>495
• Indiacem>78,                                   Jindalsaw>133.5,              Powerfin>166.5,                              Ansalprop>36.

Ø  Titan recommended by us at various points of time and more recently on 5/9 above 214, 9/9 above 230 has touched its crucial resistance of 237.

If it is able to sustain(close) above 240 it can touch 260 and move beyond also.

Ø  Canbk is expected to breakout and move up. Watch the scrip for action. Buy above 442 with stop at 429.90.

Have strict stop losses