Currencies are looking like the only logical link enhancing the correlation at market open as always using AM pre-open in equities to sho the pressure on the Rupee and looking to catch up with the falling nine pins Euro story this week. Still I think the trade on the Dollar Rupee remains to buy the Rupee.
The Bank Nifty shorts are not in and ICICI BANK will hold. HDFCBANK is witnessing some unholy advice but then there is a trader ho wants to make the best money in the market. IDFC seemss to be a value buy again at 133-135 levels. I though do agree with Sudershan Sukhani that Orchid Pharma is going to catch more from here to 160 even.
Mid Caps are getting to be the only entry point for currently featured TV analysts but that is more a stop gap than any real recommendations. Witness jubilant foods being defended for raising prices a month ago and the continuing strong technicals on that chart. GAIL, ONGC and the OMCs also remain recalcitrant to move in any direction with short bursts letting out the 20 points to keep Kotak or Infy shorts on which both should be off any minute so no trade there.
The weak market means weak Anil Ambani scrips though and the new blockbuster pair trade that will last another week is Buy BAJAJAUTO sell HEROMOTO