Morning Trading Strategies – India June 25, 2012

There are still some shorts left, but keep bought in on the banks and do not shorts auto further as they will open near lows. BAJAJ Auto, I will be buying from 1450 levels, Maruti is still not a bad story after the 10% drop in sales esp with a new 800 cc for diesel fuel audiences on the design board. 

Sun Pharma is unfortunately a likely miss for us as it looks expensive and there should have been a correction, Jubilant is a good short and ET did a onderful round showing the potential in DLF, Suzlon and KFA to ride the correction. Gangs of Wasseypore apart, HDIl, HCC and Orbit seem to be good speculative picks with 1-2 Re stop losses 

NTPC, L&T and BHEL are good likely bear picks and so avoidable for investment. It may be a busy sector and the move could be good for your purse as up or down moves in the sector are defined and MindTree is available in long term picks with a unidirectional sentiment

Currencies have corrected by more than one percent on monday morning overnight positions delivering a huge profit

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One thought on “Morning Trading Strategies – India June 25, 2012

  1. Pingback: Morning Trading Strategies – India June 27, 2012 « A blog of blogs

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