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

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quity Buy/Sell (Technical View)

Ø  The following scrips look good in the near term ( for 1-3 sessions) :

o   Biocon > 350 ;

o   Gail > 427 ;

o   Indian Bk. > 221 ;

o   Ranbaxy > 501 ;

o   ITC > 199 ;

o   Jindal Saw > 138 ;

o   NTPC > 171 ;

o   ONGC > 265.

o   Canara Bk. seems to be stabilising ;

o   DLF has given the first sign of a break out and to be accumulated above 227 .

o   Bata India is correcting and has its first support around 560.

COMMODITIES:

Both gold and silver are sideways. It is best to remain in the sidelines.

Have strict stop losses