Morning Trading Strategies - India July 30, 2012
Sunday, July 29, 2012
Regardless of HDFC's 20% higher profits the Consolidated income of INR12.75B, the markets remain topped off and likely candidates while the rupee wants to correct to the Dollar to 54 levels before trying a jump, leaving markets pushing for an upside.
However, my earnings capacity and the trade in the Rupee Dollar have been hit adversely as I get targeted in the ring to sort out their confusion on the irection of how to get out of a dollar positive trade because of the weak markets.
Marti's scores in Q2 were bad but more than results actions in Manesar and its swift rebirth in Gujarata this time are going to have positive ticks on the price sooner than later. BIOCON and healthcare upside has definitely been ;lost excep t for one shadow snook with the telco stocks. The IT jump is illusory but if you hold them, it is good for you
Someone did say PSU bank shorts, but if you try CBI or even UBI they may be climbing back today.
Snatch and Jerk (Intraday) therefore offers few available opportunities left ont he shelf. ICICI BANK And IDFC start trending down when the exodus becomes clear in the coming weeks esp after the GDP data.
No need to add positions now when you can get them cheap later BOB and PNB should infact come back into the green and rise sooner than later. Indusind is not a good pick. Yes Bank holds.
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