1 July, 2011: Equity Buy/Sell (Technical View) IFCI research,

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Equity Buy/Sell (Technical View)

Ø  Many of our recommended scrips ( e.g. Lic, Bata, Hdfcbk , Tcs etc) have yielded excellent returns already. However if the Nifty moves up, we can see new highs in all these scrips. What was  needed was  conviction to invest when market reacted.

Ø  The foll are Good for accumulation:

• Dabur> 116.5,                     Hdfc> 713,
• Hdfcbk>2547,                     Infy>2927(we had earlier asked investors to wait for break out signal),
• ITC> 205,                            Kotakbk>486,
• Tatapower>1330.

Ø  The foll scrips have also given breakout signals. Presently we recommend them for short term and would review if they exhibit strength.

• Centralbk> 126.5,               Chambl>82,                       Denabk>92.5,
• Everest Kanto> 94.5,          Gujalkalies>149,               Lupin> 457,
• Idbi>138.5,                         M&M>708,                        Praj>79,
• Relcap>584,                       vijayabk>71.5,                   Tata steel>615.

Have strict stop losses