IFIN: Morning News & Views

Please Share:: India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��

Watch Nifty

Ø  Nifty is volatile and could not hold on to its gains.The preferred strategy would be to buy puts at higher levels  (near 5550-5600) with strict stops. The supports on the downside will be 5400 and 5370.

Ø  Nifty's support for 18/03 is 5400, 5370 and 5170-80.

Equity Buy/Sell (Technical View)

Ø  The following are good in the short term. Stop losses to be strictly in place :

o   Biocon > 335 ; Crompton Greaves > 275 ; Federal Bk. > 378 ;

o   Ambuja Cement > 135/50 ; Mahindra Lifestyle > 375 ;

o   India Cement > 94.

Ø  Commodities :

o    As mentioned on 17/03 crude and copper have started moving up. Investors can consider going longs at current rates ( crude April 4560 and copper April 429) with stops at 4359 for crude and 409/70 for copper.