16 Nov 2011:: Equity Buy/Sell (Technical View):: IFCI research,

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Equity Buy/Sell (Technical View)

 

Ø  We have already indicated support levels of various scrips to be accumulated on reactions. Long term investors are advised to invest/buy. We could be towards the last leg of correction lasting perhaps till February/March next year. Current levels are attractive from a fundamental and technical perspective

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.

Have strict stop losses