10 Oct, 2011: Equity Buy/Sell (Technical View) IFCI research,

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Equity Buy/Sell (Technical View)

Ø  The following look good above the levels indicated :

o   Parsvnath > 66/50 ;

o   Bombay Dyeing > 377 ;

o   Omaxe > 139 ;

o   Tata Motors > 161/50.

Ø  The following scrips are for the short term :

o   IDFC > 119 ;

o   Orient Bk. > 300 ;

o   India Bulls > 160.

Rupee Vs $ :

Ø  Rupee is reacting (strengthening). However, we can expect Rupee to reverse (start weakening) to reach 49/90 and once it is crossed can fall to 52.

COMMODITIES:

Ø  Gold and silver have been volatile and moving sideways. Investors/traders should wait for a clear signal to emerge. Gold for instance has to cross at least 26900 and silver 54500 for changing the near term negative outlook to neutral.

 

Have strict stop losses