IFCI research, Equity Buy/Sell (Technical View) March 1, 11

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Equity Buy/Sell (Technical View)

Ø  While Bank Nifty was equally volatile, the mid cap and small cap bank stocks held their ground. The following look good for the short/medium term :

o   Central Bk. > 156 ; Dena Bk. > 97/50 ; IOB > 136 ; J&K Bk. > 763 ; Canara Bk. > 626.

Ø  Other scrips which can be considered are :

o   HDIL > 164 ; ITC > 171/50 ; LIC Hsg Fin. > 195.

Ø  Short term traders and risk takers can try Mphasis longs with stop at 418/75.

Have Strict Stop Loss