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

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Equity Buy/Sell (Technical View)  

Ø  It may be recalled that we had recommended even on 23/08 Bajaj Auto and Bata India. Both of them continue to look good. Bajaj Auto can be accumulated (smaller portions) above 1580.

Ø  Petronet LNG continues to look good and can be held.

Ø  Chambal Fert. > 108/50 and Bharti > 406 are also good for medium term.

Ø  The following are for the short term :

o   Hind Lever > 321 ;

o   ITC > 205/50 ;

o   TVS Motors > 55 ;

o   Ultratech > 1090

Have strict stop losses