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

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Equity Buy/Sell (Technical View)  

Ø  Till Many of our recent recommendations have continued to yield good returns. At this point of time while investors can continue to hold scrips with trailing stops,

(or book partial profits), we have to wait for signals for fresh entry.

o   Chambal, Bajaj Auto, M&M, Hero Motors look good on charts and any reaction should be opportunity for accumulation.

o   Arvind Mills can be bought above 85/50.

Commodities:

 

Ø  Gold had crossed 28300 and if it is also able to close above, we can see it touching 29000/30000.

 

Have strict stop losses