Today's picks in the strong rupee which starts down from the first top of 55.83 on CDS or 55.5 in the interbank market is Axis Bank as banks are stronger in the shortcovering and a new level is forming in this express move slowly settling down for the exit of shorts. Till now longs were in the nifty index and shorts in the BankNifty

ICICI Bank for example may no thave animmediate run further from 900 , depending on interest in the bank in the next 2 hours and SBIN may also catch up to 225 levels earlier, Thus take the Big Four in the order,

BUY AXIS BANK

BUY SBIN

BUY HDFCBANK

BUY ICICIBANK

Power and infra stocks also have good strength

Start accumulating 

Tata Power

Reliance Power 

Reliance Infra ( for short term technical plays)

and 

BUY IDFC to 160

BUY GMR INFRA to 28

based on fundamentals.

Jetfuels were cheaper over the weekend so aviation moves should continue

 

Posted via email from The India Investment Post