Morning Trading Strategies – India July August 17, 2012

SPTulsian looks good for HDIl, I always liked that scrip and Phoenix and Orbit may only come in later as the air clears on the sector unfortunately DLF and Unitech are not fine yet and despite available avenues Kingfisher is just running up bills and JETAIRWAYS and SPICEJET continue to sem to be penalised fo rthat so they may continue to be good picks but not for trading a 6 week horizon at these levels. 

IDFC call on ITC may not hurt the stock immediately but exits will continue and it is good for the long term portfolios you should have as a base for your trading corpus

ICICIBANK should start spinning back to top from below 950 or even directly on open if you have been holding it and HDFCBANK reaches stronger orbit if not today then tomorrow or Monday on Eid

The Rupee Dollar and DEPB exporters realise the Dollar’s been had and should be selling volumes of Dollars in to this continuing strength int he Capital Markets, RBI reference rate unlikely to move much

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