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