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

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Equity Buy/Sell (Technical View)

Ø  The following scrips are good for accumulation:

• Bombay Dyeing > 415 ;                 
• Bajaj Auto > 1655 ;                                        
• Omaxe > 141/50 .

Ø  The following are for the short term :

• Guj Narmada > 92/50 ;                  
• Mahindra Lifespace > 317/50 ;
• PNB > 1000 ;                                                   
• Puravankara > 76.

CURRENCY:

Ø  USD vs Rs : We had already mentioned that Rupee will reverse direction and it has already done so.

Ø  A move past 49/60 has also materialised. Its targets now are 50-51 and 52.

Have strict stop losses