Late Late Morning Trading Strategies – India July 04, 2012

The US Dollar surge is behind us as Europe opens to hope of large QE everyday and the dollart plays into the liquidity. Feds would also be funding Europe thru the Central Bank Saps. We have waited with banks in the portfolio for 3the third day todyay. Its nopt that they are full up , they just don’t want to get blamed for the sentiment. But the buys scored by Ashwin Gujral seem the best as also Prakash Gaba’s confirmation on RelInfra. Hence

Buy Relinfra, RPower, RCapital for 3-5% each

Buy HINDALCO to 135

Buy HIND. ZINC to 135

Buy OptoCircuit for longer term

Buy Orchid Chem at 122  for any term from 3-5% intraday to 147 and then longer if you are game

Stay bought in your bank picks. As we suggested DLF and YES Bank are tired at the top. L&T is the shorting opportunity. Even ING at 380 is not overbought, Indus ind has been playing it smart and 320s should be a good buy, Cairn is a good buy at 315

 

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One thought on “Late Late Morning Trading Strategies – India July 04, 2012

  1. Pingback: No not yet Trading Strategies – India July 05, 2012 « A blog of blogs

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