15 Nov 2011:: Equity Buy/Sell (Technical View), Currency, COmmodities:: IFCI research,

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Equity Buy/Sell (Technical View)

Ø  The following are good for buy/accumulation:

o   Bharti > 408/50 ;                              Dr. Reddy > 1660 ;

o   Sun Pharma > 528 ;                         Hero Motors > 2260.

Ø  The following, which are reacting, can be considered for investment near support levels indicated:

o   Raymond ~ 350 ;                              SBI ~ 1700-1710 and 1500-1510 ;

o   Yes Bk. ~ 290 ;                                  Auro Pharma ~ 95.

CURRENCY:

Ø  INR VS $ 

Rupee has once again touched 50/57 to the dollar. Its weakness could continue and can drop to 51, 51/50 and finally 52-52/20. If it closes above 52/50, we could see it weakening further to 55 and then 57.

COMMODITIES:

Ø  Gold tested 29050 again ( on 14/11). Only when it closes above 29000 will it see higher targets. The strategy could be to wait for a close above 29000 ( for accumulation ) or buy on reactions near 28500,/28000.

Ø  Copper: Traders would have noted that it has taken support around 374 levels three times so far and has bounced up to 391 levels, providing a good trading opportunity. Medium term investors can hold on with stops already indicated.

 

Have strict stop losses