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

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Equity Buy/Sell (Technical View)

Ø  Amongst the scrips recommended by us in the recent past, Bombay dyeing, Gitanjali, Acc, Rajesh Exp and recently Tata motors had continued to move up in today's trade. Bajajauto can be accumulated above 1600. Hdfc has resistance around 680 and can reach higher (700 and above) if the hurdle is crossed.

Ø  The foll are good in short term:

o   Cairn>285,

o   Ntpc>178,

o   Prajind>79,

o   Mahindra satyam>73      

Commodities:

Ø  Investors should wait for Gold to cross 26900(closing basis) before considering any longs. Silver, similarly has to cross 54500.

Have strict stop losses