28 Nov 2011:: Equity Buy/Sell (Technical View):: IFCI research,

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Equity Buy/Sell (Technical View)

Ø  It may be recalled that on 02/11 we had indicated that Bank Baroda can be bought around 680 and Canara Bk. around 400. BOB made a low of 675 on 24/11 and again 685/10 on 25/11. Similarly, Canara Bk. touched 412/60 on 24/11 before moving up sharply to 444/50. Risk averse traders and even medium term investors can make use of such opportunities to buy and book profits with a return of 6-7% in a few days.

Ø  Same is the case with Raymond when we had advised purchases near 350. The low it made was 341 and high 396/50 on 25/11.

Ø  Hind Unilever is presently reacting and can be expected to reverse up shortly.

Ø  Airline stocks look good in the near term. Purchases (with strict stops in place) can be considered:

o   Deccan Aviation > 28 ;

o   Jet Air > 284.

Have strict stop losses