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

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Equity Buy/Sell (Technical View)

Ø  Many scrips have moved up well. Short term investors should have trailing stops to protect profits.

Ø  The following are good to accumulate:

• Ambuja >155,
• Cairn >302,                       
• Petronet >166,  
• Titan >228.

 Commodities:

Ø  While gold, silver are yet to show direction, Copper has bounced up from 335 levels (we had mentioned strong support around 315-320). Any rection can be used to buy with stop already mentioned.

Currency:

Ø  Rupee is expected to weaken after this current move. Euro-INR can be expected to move up once 69 is crossed.

Have strict stop losses