Morning Trading Strategies – India July 19, 2012

A simple day to begin trading it seems also offers more choices in buying ITC and HUL but that would be the fe scrips bucking the trend today so watch out. ITC should catch early on nes of buoyant HUL results if AMJ has been good. 

Techs are moving up for example and the Universal languageof a HCL Tech Short has lost meanign today which is probably not a good sign and we might retur to choppiness sooner, Rupee holding higher levels but don from the afternoon’s pessimism of yesterday

ICICIBANK marches on to a 1000 price barrier where it has a lot of upside still left as banks lead the turnaround Economy by the nose having loaded restructurings in time, certainly a vote of confidence for more with Economics and Finance backgrounds to lead governments and take big decisions esp as IMF loses some of its overburdened relevance in a bid to save Europe. (spillover from hte Morning report) 

Bajaj Auto and Bjaja FinServ should carry to huge targets today as Dr Reddy hits the peak of its capacities ahead of results. 

YESBANK and INDUSIND BANK will catch big if the upmove is sustained. 

Get into infra stocks, esp with BHEL and L&T getting incentives to maintain share of the Power plant construction/. equipment business




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