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

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Equity Buy/Sell (Technical View)

Ø  On 15/11, we had advised investment in SBI near 1700-1710, Raymond around 350. Both the scrips took support at exactly these levels and bounced up.

Ø  Auro Pharma near 90 will be a long term investment will minimal risk on the downside.

Ø  The following are good for the short term/ medium term :

o   Risk averse investors may please watch Nifty ( to see if it holds 4990) and invest :

o   Arvind  > 91/50 ;               Bata > 671 ;                                      Canara Bk. > 462 ;

o   Cipla > 315 ;                       Tata Motors > 186 ;                        Titan > 216.

Ø  The following are for the short term :

o   Aban > 415 ;                      Deccan Aviation > 26/25 ;             Federal Bk. > 392 ;

o   Indian Bk. > 207/50 ;       JSW Stl. > 681 ;                                 Power Fin. > 171/50 ;               Mahindra Satyam > 76.