Late Late Morning Trading Strategies India August 09, 2012

Banknifty bull calls are not going to come in today, the market overawed by having to come back to the same levels every 3 sessions and not having any fillip in moving the same as it is actively wont to doing. Market moves will be slow and steady as credit growth comes in tomorrow for the third/fourth week of July 2012 FX reserves are not likely tobe sunny and bright either while today’s IIP and manufacturing data reports will be touching glazed territory at near 1-2% levels each and ill have to be jumped by the market as expected to be inconsequential



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