Late Late Morning Trading Strategies – India June 29, 2012

After market opening at 5220, some limited opportunities may exist but with most money chasing banks and select banks not ready to rise alone at the expense of the BankNifty getting overbought, action may be limited at these prices

OPTOCIRCUIT(Sudershan Sukhani) seems a good pick for 2 week periods or slightly more

BPCL will be in vogue and ORCHIDCHEM will see futher uptick but the sector may be capped by SUNPHARMA which is already 8% up in this move

IDFC is back at the 133-135 mark, breaking its short term resistance by bit and you may want to buy bigger positions in this stock

 

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