This week's BTST slate or longer investment slate is looking extremely promising esp as IDFC and ICICI BANK among others are back at attractive levels. The afternoon surge has already seen a 2% jump in ICICI BANK levels and mor eis due in both HDFC Bank and ICICI Bank.

Infosys or other tech remains a specialised trade and one that is likely to burn sooner than later as the Rupee flirts with its absolute lows in this trade cycle and you should be green , plus or however you say bullish to your forex broker on the Rupee with FX reserves at $294 M the chances of someone enticing RBI into supporting it or even raising that expectation are not so bright and so the Rupee is unlikely to get another twirl in the middle of a global trade going against the Oil and the Dollar. And franjkly that yet limits the possibilities for Gold than increasing the possibility but Gold was due to rise after the October buying patch in the Indian import scene.

Jet airways has risen smartly and those waiting are well grounded in Tata Global and Reliance infra/GMR at current attractive levels. JP Associates I guess is still up for a marathon rally. Biocon is a good longer term pick. Hero Motors may continue to be cautious on not so encouraging market share data but Bajaj Auto should be good to move up smartly. Bjaja Finance / finserv and <M&M Financial follow on the pull up and sector stars ITC, SUN and Jubilant remain greatly poised

The ONGC bulls are definitely looking for such an entry point egtting to start the rally at 5550 today intra day and so that is accumulating already for a big move. Another jump within tomorrow or day after is from the Power NBFCs including Powergrid and REC

 

 

Posted via email from The India Investment Post