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

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Equity Buy/Sell (Technical View)

Ø  Short term and medium term investors can wait to see the directional clue from Nifty/Bank Nifty.

Ø  Long term investors should buy/accumulate scrips at current levels or near support levels indicated by us.

INR VS USD :

Ø  Rupee  has touched our last target of 52/20. One has to wait to see it closing above 52/50 ( two consecutive closes above this level are required) for it to weaken further to 57-58 levels.

COMMODITIES :

Ø  Gold reacted to 28200 and has bounced up to 28800. We had advised buying on reactions near 28500/28000. Those who have, can book partial profits and wait for a close above 29000 to buy/accumulate again.

Ø  Silver has been volatile. Reactions near 52000/52500 should be an opportunity to buy. Investors are advised to put in 30-40% at these levels.

Have strict stop losses