23 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 till there is a clear signal that the correction is over.

Ø  Long term investors could invest in some frontline stocks like HDFC, HDFC Bk., Infosys, L&T, Reliance Ind. TCS to name a few at current levels. It is possible that these scrips could react along with Nifty. However, those having a long term horizon of one year and more would stand to benefit.

INR VS RUPEE :

Ø  Rupee opened with a gap up and touched new lows. It however did not close below 52/50. We however believe that Rupee could depreciate further to 57-58 amidst corrections. Risk averse investors can wait for a reaction to 49/50 levels to enter again.

Have strict stop losses