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

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Equity Buy/Sell (Technical View)

Ø  The following  are good :

o   Chambal Fert. > 94/50 ;

o   Cipla > 317 ;

o   Kotak Bk. > 462 ;

o   Mphasis > 460 ;

o   NTPC > 183.

COMMODITIES :

Ø  Gold : It is worth recollected what we had mentioned on 01/08 :

"Gold ( August) has support around 23050, 22950. Gold looks good and can even touch 25500-26000. Long term investors can consider accumulation when it crosses 23400

or buy near 23000 with stop at 22895".

On 02/08, gold touched a low of 22965 and as we write has already tocuhed 23455 - a good 500 point rise.

Investors can hold positions ( if shifted to October) with the same stop. We would advise trailing stops in a session or two.

Ø  Silver has also rebounded. Investors are advised to hold and accumulate when it crosses 61000.

   

Have strict stop losses