Late Morning trading strategies India July 24, 2012

Short WIPRO, 

Buy ICICIBANK

BUY HINDUNILVR

Do not buy MCX and FT in the new series 

Sell puts to expiry, however both 5100 and 5200 calls re all sold to death already an dsold PUTs have meat only in 5200 and 5300 series wwhich will need to have a debit on expory\\iry with a net profit of 4-5k for 2 lots

L&T is a strange fall but Wipro is down 5% Oil price hike was expected after India’s crude basket cost increased to $103. Crude has since come down from $108 to $105. The price hikes could be metered to updated Petrol basket data from here(without due announcement as usual) . and the price action on the stocks is tired

 

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