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

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Equity Buy/Sell (Technical View)  

Ø  Till Almost all of the scrips recommended for 2/9 had moved up ver well.

Ø  The foll are good for buying/accumulation:

o   Chambl>115,                      Shriram transport> 700,                  M&M> 773,

o   Titan>214( resistance 230)                                                           Petronetlng> 181.

Ø  The foll are for short term:

o   Bpcl>690,                            Ioc>322,                                             Tvsmotor>58.50,

o   Hindzinc>132.50,               Dabur>115,                                        Gitanjali>322.

Commodities:

 

Ø  Gold crossed 27400 and immediately went up by Rs.200. Its next resistance is at 27800. Its test of further strength is when it closes above  28300. For risk averse, the stop is 26590 which can be trailed. Partial profit booking is also advised on decent returns. Once it closes above 28300 , it could see a move up to 29000 or 30000.

 

Ø  Silver(Dec, MCX) is ready for a big breakout. It has resistance at 65900, 67000.

 

Have strict stop losses