11 Nov 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 :

o   ACC > 1245 ;                      Can Bk. > 500 ( or near support of 470) ;      Ashok Leyland > 29 ;

o   Bombay Dyeing ~ 400 and then 375-77 ;                                                HDFC > 690 ; ITC > 216 ;

o   Kotak Bk.  near 480 ;        Reliance Ind. ~855 ; TCS > 1151.

CURRENCY:

Ø  Rupee has weakened and touched 50.33 against the $. Our first target is met and the next target is 51, 51/50 -52.

COMMODITIES:

Ø  Gold is exhibiting strength and has touched its all time high of 29029 and in the process met our target. We would like to wait for a close above 29000 for it to go on to 29500 and then 30000.

Ø  One is advised to wait for a reaction to enter Silver, though it has moved up.

 

Have strict stop losses