12 August 2011

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

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Equity Buy/Sell (Technical View)  

Ø  Bata India > 691 and Chambal Fert.  are good in a weak market and could be accumulated. Risk averse investors should have trailing stops.

COMMODITIES:

Ø  Gold touched 26457 in 10/08 trades. Investors are advised to have trailing stops to protect their profits. Partial profit booking is definitely advised. At the end of the current run, we can expect a good correction before resumption of another bull run.

Ø  Silver has to get out of the 56500-62000 range conclusively.

Have strict stop losses

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