16 May, 2011: Equity Buy/Sell (Technical View) IFCI research,

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Equity Buy/Sell (Technical View)

Ø  The following scrips are good :

o   Arvind Mills > 76/50 ;       Birla Corp. > 369 ;             Cipla > 314 ;

o   Dr. Reddy > 1685 ;            Escorts > 131/50 ;            Hind Lever > 312/50 ;

o   ITC > 193 ;                          Ranbaxy > 497 ;                LIC Hsg Fin. > 226 ;          

o   Lupin > 448 .

Ø  The following are good in the short term :

o   Havels > 402 ;     J&K Bk. > 818 ;                  Omaxe > 137 ;    Wipro > 447

 COMMODITIES :

Silver continues to be volatile and sideways. It has neither given a buy signal nor are we in a position to advise shorts. If it pierces 49750, its next support is far

away at 41300. It has to close above 60000 for strength.

Gold has good support around 21650 and then 21400. It has to atleast  cross           22300 for show of strength.

Have strict stop losses