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

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Equity Buy/Sell (Technical View)

 

Ø  We would like long term investors to plan investment(atleast partially) in the following scrips (in addition  to scrips already recommended) near the support levels indicated below:

·        Bombay Dyeing - 325,

·        HDFC - 610, 570,

·        M&M - 615,585.

INR-USD

Ø  Rupee has still not been able to close above 52.50. If it does, we have already mentioned it weakening to 57-58. 

INR-EURO:

Ø  Euro has resistance around 71.50 and if it closes beyond, the targets are 74 and if crossed 79-80. 

Have strict stop losses