2 Sept 2011: Equity Buy/Sell (Technical View) IFCI research,

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Equity Buy/Sell (Technical View)  

Ø  Till Nifty is able to conclusively prove its strength, we would advise investors to book profits at regular intervals.

Ø  The foll are good:

o   Chambl>109,                      Hdfc>670,                          Hdfcbk>478,

o    Hindzinc>132.50,              Indianbk>210,                    Parsvanath> 51.50,          

o   Sunpharma>500,                              Glaxo>2450.

Ø  Herohonda faces resistance around 2100. Short term/medium term investors can consider booking partial profits and reenter at lower leves or when it closes above 2100.

Commodities:

Ø  Investors would have noted that both the precious metals have turned volatile. Agressive traders can try longs in gold if it crosses 27400 or on reactions near supports already indicated.

Have strict stop losses