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

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Equity Buy/Sell (Technical View)

Ø  The following are good for the short term - to buy only above levels indicated:

o   Alok Ind. > 19 ;

o   Colgate > 1000 ;

o   Fin. Tech > 850 ;

o   Grasim > 2370.

COMMODITIES :

Ø  While both gold and silver are good in the long term, in the near term there is a possibility of some more downtrend. Gold has resistance around 26700-800 and again around 27,150. Silver has resistance around 56,000. Its supports are far away in the case of gold around 24,900 and silver around 45,800 respectively. It would be prudent to keep away for the present till a clear direction emerges.

International indices:

Ø  Dow Jones, FTSE and even our indices are moving in sync with some time lag. Dow Jones is also in a huge sideways move . It has crucial support around 11500-600. If pierced, its next support is far away at 10,900, 9900 and good support around 9600.

Have strict stop losses