10 August, 2011: Equity Buy/Sell (Technical View) IFCI research,

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Equity Buy/Sell (Technical View)   

Ø  We had indicated support levels for several scrips. Investors would have observed that many of them bounced up from these levels in 09/08 trade.

Ø  The following are good in the near term :

o   CESC > 320 ;                                      Lupin > 449 ;                                     Indian Bk. > 218 ;

o   ITC > 204 ;                                         Bajaj Auto > 1475 ;                          Maruti > 1222.

COMMODITIES:

Ø  Gold hit 26180 and reacted. It has hit our target on dot. However in view of volatility investors are advised to have trailing stops or book partial profits.

Ø  Silver has not yet steadied. One has to watch it holding 56500 levels.

Have strict stop losses