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

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Equity Buy/Sell (Technical View)

Ø  We are of the view that one has to take a hard look at individual scrips for investment on a longer time horizon. Investors who can wait for atleast a year can reap enormous benefits :

• Bank Baroda ~ 680 ;                        Axis Bk. ~ 890 ;                  Bombay Dyeing ~ 325 ;                  Canara Bk. ~ 380 ;
• HDFC Bk ~ 435, 400 ;                      HDFC ~ 610, 575 ;             Hindalco ~ 105 ;                               Tata Motors ~ 140 and    125.

• State Bank has fallen through various support levels and the next reliable support exists far away around 1500.

• Bajaj Auto and M&M have started reacting. One has to wait for some more reaction to enter investing/accumulating.

• Maruti > 1121,   Rajesh Exports > 125  are good for the short term.

Have strict stop losses