EQUITY PICK OF THE WEEK 13 FEB 2012 : IFCI / MRF / BAJAJ HIND / BHEL

 

IFCI

WHAT’S COOKING IN IFCI ? ARE WE HEADING TOWARDS OUR SHORT TERM MULTIBAGGER TARGET 52 ?

BUY IFCI IF GET 36.05 & AVERAGE IF GET 34 FOR TARGET 42.50/44.50

LTP – 38.90

MRF

BEST BUY & SUPP @ 8670 ACTUAL RESIS & BEST SHORT 8930 (CURRENT SUPP & BEST BUY ALSO) A BREAK ABOVE 9180 UPSIDE TGT 9770/10030 ; A CRACK BELOW 8420 DOWNSIDE TGT 7828/7568

LTP – 9281.85

TREND : STRONG BULLISH

STRATEGY : BUY ON DIPS IF GET 8930 & AVERAGE IF GET 8670 FOR TGT 9770/10030

BAJAJ HINDUSTAN

BEST BUY & SUPP @ 35 ACTUAL RESIS & BEST SHORT 35.40 A BREAK ABOVE 35.80 UPSIDE TGT 37.60/38.30 ; A CRACK BELOW 34.50 DOWNSIDE TGT 32.50/31.80

LTP – 34.40

TREND : BEARISH

STRATEGY

SELL BETWEEN 35 – 35.40 FOR TARGET 32.50 . IF VIOLATES THE PIVOT 35.80 (SL) THEN REVERSE YOUR TRADE ACCORDINGLY FOR UPSIDE TARGET

BHEL

BEST BUY & SUPP @ 264 ACTUAL RESIS & BEST SHORT 267.80 A BREAK ABOVE 270.80 UPSIDE TGT 280.80/284.80 ; A CRACK BELOW 260.80 DOWNSIDE TGT 250.80/246.80

LTP – 260.60

TREND : BEARISH

STRATEGY

SELL BETWEEN 264 – 267.80 FOR TGT 250.80 / 248 ; IF VIOLATES 270.80 (SL) REVERSE YOUR TRADE FOR UPSIDE TARGET