Late Morning Trading Strategies India August 23, 2012

The Rupee is basking in the glory of the Euro which near 1.2640 levels another 100 points ahead becomes ripe for a correction soit may limit this series’ upside in equities and not be worth shorting Crude  yet. Copper is not going to rise and the action remains largely in agri commodities with Gold and Silver doing the slow waltz to last this marathon. 

equities have likely done their bit till 2:30 to 3 pm timeframes and will rest lower in the meantime. iscussions of political instability are unlikely to rise to a crescendo before the weekend or tomorrow afternoon at best. We are long on the Nifty and the banks, even real estate, this week 

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