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Equity Buy/Sell (Technical View)
Ø The following look good and could move up further ( to watch Nifty for overall direction) :
o HDFC, HDFC Bk., ICICI, Lupin, Arvind Mills, Hindalco, Tata Steel , Infosys, TCS, Sun Pharma, Ranbaxy. All the above have already been recommended at different levels.
Ø The following have shown signs of break-out / strength :
o BILT > 40 ; Hotel Leela > 48 ; Orchid Chem > 307 ; Ranbaxy > 603 ; Vijaya Bk. > 104 ; Bajaj Auto > 1555.
Ø COMMODITIES : Gold, silver and copper have been steadily on the up. Risk adverse investors can book partial profits at current levels. Or else, it is better to have trailing stops and allow profits to run.
Ø Fresh buying is however not advised at current levels. We expect substantial correction after the current rally and this weakness can be used by investors to look at investments.
Have Strict Stop Loss
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