The Bank holiday is done and everything is working again. Prfit taking is alays advised at 75% + returns or whatever target you set in cash equities. 

A good chance to sell 5300 Puts as the markets show strength and the range of 79-82 for the 5300 Puts is enticing to say the least

The outsourcing bill is coming in the US and Obama is coming back though there ill be a bout of negative advertising against the incumbent in the next few weeks. China's Service PMI was better at 56.7 and the shortness in manufacturing indices could be a part of more fundamanetal changes in contribution from Manufacturing to National and Global GDP Trade however is a matteer of caution

New plays like NCC with fundamanetal investor participation as well as Tata Global and Prime Focus ( 2 out of 3 from RJ) are good options

Mostly you should get bought further in infra and Banking and avoid Airtel and HUL

ITC is a good buy at 247, may even correct to 235 if there is a dip but there MAY NOT BE in any dips in this market ITC would catch to 280

SBI should catch again, ICICI Bank is good for another run at 890-905 and HDFCBANK may not need a dip at 575 either. Axis and SBI remain short interest from longer term houses and shortcovering would likely be absorbed in the course of the week

Jubilant food CB is a great pick. Auto stocks are ont he border line and that means as no others are available they will take the correction if it happens

 

 

 

 

Posted via email from The India Investment Post