Morning Trading Strategies – India July 07, 2012

Buy JUBILANT and LIC Housing above previous levels, ORCHID CHEM has caught more raders eyes with Mr. Sukhani putting it in the bull ring Shorts are possiblle in ADANIPORTS 

Banknifty is stronger with Axis Bank likely to move up to 1100. Pharma is up and one should watch for the move up in Glenmark or the end of a corrective move don which ccould be just 370 its 10 day EMA 

CIPLA is in the middle of its up move I am shorting Sun Pharma from here to let it correct  to more sane levels while the market holds and Axis Bank and SBI keep moving the bulls


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