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

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Equity Buy/Sell (Technical View)  

Ø  Bata india, Chambl>105.5, Bharti>411 are good .

Ø  Cogate>979, grasim.2182, ambujacem>139, lupin>470 are good for short term.

Commodities:

Ø  Gold had reacted nearly 10% from its high. At this point of time its next move is not clear. Investors are advised to stay back as it could be volatile. It has supports at 25400, 24900, 24100 and 22900. A clear directional move will emerge after 3-4 sessions.

Ø  Silver, is better placed in the short term. It is trading 500 pts higher while gold is down 450 pts (as we write). However risk averse investors can buy silver near 57000

Have strict stop losses