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

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Equity Buy/Sell (Technical View)

Ø  The frontline bank scrips have gained further strength, be it HDFC, HDFC Bk., Axis, Kotak Bk. Watch out for resistance in HDFC Bk. (2445) , HDFC ( 693-695),

Kotak (475).

Ø  L&T has been able to close above 1670. If it can sustain for one more session, the upside could be significant. We had earlier mentioned that Tata Coffee would move up. It has given the break out signal and can be accumulated on reactions near 800.

Ø  ABB and Bharti recommended recently have also moved up smartly.

Have strict stop losses