Late Morning trading strategies India July 30, 2012

One feels the rise in Power NBFCs has led the charge in Infrastructure todayin the recovery from the bottom and 5150 might well stay around for a fe days as non eof the Infra jumps have hurt their average marks much in today’s rise and as their rise is more than capped IDFC alone ill be unable to lead the industry out of the woods. The markets ill return to inspect the others especially PSU banks soon. As of now I will look at PSU bank data but at these levels I am not very hopeful of identifying the operator favored short. 

 

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