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

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Equity Buy/Sell (Technical View)

Ø  We have already given support levels for key large cap scrips. Long term investors to invest around the support levels for very good returns.

o   Colgate > 995 ;   Gitanjali > 360 are good for the short term.

COMMODITIES:

Ø  Gold and silver are still in sideways mode and volatile. Gold has good support near the recent lows of 25,000. Traders can buy near 25,000 with stop around 24,949.

Ø  Copper has been reacting too. It has very strong support around 315. Traders can try longs near 325-330 with 309 as stop.

International indices :

Ø  Dow Jones, though went below 10500, closed above 10600. As mentioned earlier, 10500-600 is very crucial to decide the direction of the index.

Have strict stop losses