Not that many are on the mark, being based on fundamentals alone and not able to find a fair hook on timing. However the FMCG and Health calls are fine as a sectoral calls and I disagree with both exits from ITC and ramping on new Henkel owner Jyothy Labs. Both recommendations define a very different time horizon than the market horizons currently and this particular rally is obviously not a choice for the house.
Jubilant Foods and Titan shorts are not going to work for long either. the infra NBFCs in Power from PFC and REC to PTC may take a break here as well, IDFC could restart on the run from 137 or 139 itself and has stabilised by itself since the morning.
Quantum, strangely is better placed with today’s picks ( on the ticker) is it just RELIANCE?
UPDATE::2.06PM:: The Markets agreed with both and infact profittaking in ITC suddenly reversed in minutes of this post being published and ITC recovery main part of the run before the CAG report dampened Power stocks like RPOWER and IDFC itself came down after.
- India Earnings Season (Bank Results Season): IDFC sings up the riffs (awardz.wordpress.com)
- Morning Trading Strategies – India August 08, 2012 (awardz.wordpress.com)