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

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Equity Buy/Sell (Technical View)  

Ø  ACC, Hero Motors were the odd scrips (among those tracked by us) that escaped the carnage.

Ø  Bata India and Titan have started correcting and present an opportunity to invest.

Ø  Partial investments can be made in Axis Bk. around 1040, ICICI around 800, Kotak Bk. ~ 425 and SBI ~ 2040

COMMODITIES:

Ø  There is no stopping gold as it touches 27200 ( our second target). Investors have to bear in mind that a correction is overdue and should without fail have stop losses.

Ø  Silver is slowly gaining strength. One has to however wait till 62600 is crossed. The moot question is what happens to silver when there is a sharp correction in gold? Investors are therefore advised caution.

Ø  We would also like to reiterate that gold and silver have much higher targets in the medium and long term, though we are concerned that a correction is imminent in the short term.

Have strict stop losses