08 February 2012

8 Feb: Equity Buy/Sell (Technical View) IFCI research,

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Equity Buy/Sell (Technical View)
 
Ø  ALBK (174.90): The stock is in heavily overbought zone on the daily chart and profit booking can be expected in coming trading sessions. The stock has immediate support at 166 and 164 levels. Breakout of 164 would invite selling pressure and then 160/153 is possible. Fresh buying can be expected only if ALBK trades above 183 levels.
 
Have strict stop losses

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