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

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Equity Buy/Sell (Technical View)  

Ø  We had recommended cement scrips for 07/09, all of which had moved up 3-6% in a single session. They continue to look good.

Ø  The following are good for accumulation :

o   ACC >1085,                 Ambuja Cem >151,

o   Hindalco >165,           Coal India >395.

o   Tata Coffee continues to look good. Any reaction could be used to accumulate.

Ø  The following are for short term:

o   GMR Infra >30/40,                 Lanco Infra >18/80,                JP Associates > 72/50,

o   Ashok Ley >27/60,                  Havells >357.

 Commodities:

Ø  Gold nearly touched 28800 and reacted. Volatality and reactions are expected when precious metals try to establish newer highs. Investors to hold with stop loss around 26590 (ideal stop is 25475).

Ø  Silver too had reacted and has good support around 62500.

Have strict stop losses