Morning Trading Strategies – India June 29, 2012

Another one that makes you think as the bull gap today is not ripe for profit taking yet the market ill unlikely hit 5300-5400 in a straight line and will again drift down over the coming weeks, expiry week volatility at an all time low (IDV) 

Currency has another gap down opening continuing from the late afternoon correction in the Euro and the Dollar yesterday

Infra IDFC may still be a good call at the OTM, Nifty Calls after the market comes a little down or for the intra day rallies. 

Healthcare is a good scrape incl CIPLA but Stride Arcolabs is out of range. HEROMOTOCORP and BAJAJ AUTO will be interesting to watch after the big flash at the top . Despite the late recommendations MNC pharma turnovers are too low for investors to raise their Market Cap to Sales ratios which are under 1 for most

There are many backers for Sterlite and SESA Goa biut the case against them giving away INR 40 B in extraordinary gains to London based Vedanta companies may be too strongt o avoid and reactions to an overbought Sensex and Nifty will be fast and furious

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