Late Morning Trading Strategies: July 11, 2012

English: The photograph is of SBI Mumbai Main ...

English: The photograph is of SBI Mumbai Main Branch building taken after sunset to capture the glorious architecture of the gothic styled building that was built during the Raj. (Photo credit: Wikipedia)

Buy GAIL at 355, IDFC at or below 140, buy ICICIBANK and AXISBANK for at least one more jump

SBI, ITC and HDFCBANK are buys, CIPLA and BAJAJ AUTO are the immediate defensives that will stay positive and up, HEROMOTO may keep the uptrend

IT companies are not going to get anything fromt his depreciation, Only if MindTree could correct to 636 and I could Invest in growth instead.

RCOM is a big buy with CDMA out of licensing costs fallout

Rid yourself of strangles and straddles, volatility is going to be very low and then very high when it moves, If you sell a 5500 call and 5300 put for example you already don’t make even 70 and then it could be out of both of these ranges in a jiffy, if instead you straddle for immediate move out of 5300 with a put ancd call buy or 5400, if you prefer ( hich may hand you better breathing space) the volatility may stay down from 15-16 to even 12 and lower

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