08 December 2010

Equity Buy/Sell (Technical View) IFCI research, 08/12/2010

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Equity Buy/Sell (Technical View)
Ø  We have already advised investors to have trailing stops in some scrips. A case in point would be Tata Motors. It has resistance around 1390 and a move past that could give the scrip further strength. However, it is due for a correction too. Hence investors can have a stop around 1225 (or ideally around 1150).  Hindalco, Infy, TCS and Tata Steel continue to be good.
Ø   Polaris > 167 is good for the short term

Have strict stop loss

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