3 NOV 2011: Equity Buy/Sell (Technical View) IFCI research,

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Equity Buy/Sell (Technical View)

Ø  We have already recommended investors to look for opportunity of investing in Canara Bk. and Bank Baroda.

Ø  Some of the other bank scrips which can be tried near support levels indicated:

o   ICICI ~ 850 ;                       Kotak Bk. ~ 485 ;                              Axis Bk. ~ 1100.

Ø  The following can be accumulated:

 

o   Aban > 440 ;                       Escorts > 91 ;                                    Canara Bk. > 490.

Ø  The following scrips are for the short term:

o   Havels > 386 ;                    HTMT Global > 330/50 ;                R Com > 84/50 ;

o   Satyam > 75/50 ;              Tech Mahindra > 631.

COMMODITIES:

Ø  Copper has started moving up and has touched 394 during the day's session as we write ( 02/11). Trailing stops or partial profit booking is advised.

While both gold and silver have bounced up, silver has triggered our stop of 53940 going down marginally to 53876 and has bounced back to 56200.

Hold longs in copper and gold with stop levels already indicated. Opportunities for silver can be looked into again

Have strict stop losses