Morning Trading Strategies – India August 14, 2012

European markets are likely to halt in their rally but not lose a single point to shorts in the entire week so the afternoon rally is afoot. Ideally trading should focus on the winners of the big move and you should avoid new counters at this point or give in to temptations of ITC is about to breakdown kind of news. I am still long ITC , YESBANK, IDFC and ICICIBANK and there is no trade in volatility in the Indian markets so buying volatility at this juncture will not help. AS a trading strategy therefore, automobieles and healthcare standout as quick picks while Banking and infra remains your primary  portfolio

 

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