23 June 2011

23 June, 2011: Equity Buy/Sell (Technical View) IFCI research,

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Equity Buy/Sell (Technical View)
Ø  We had earlier indicated support levels of many frontline scrips and even if there is a small violation, investors are advised to hold - for example, Tata Coffee went below 760 but is still not a cause of worry. We would advise averaging if there is a steep reaction.
Ø  Ranbaxy has its next level of support around 480-490 and can beverage at these levels.

Have strict stop losses

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