Morning Trading Strategies – India October 01-05, 2012

Markets being closed tomorrow aid a minor correction as markets sneaked into a big lead in the new series on Friday trading. Banks may not join the downard rally much and I’d rather hold them except probably Axis Bankcould play with any one sided trade ( like if Bank Nifty trades down the whole week into Monday) Shorts on Powergrid and REC seem well timed as it is unlikely that states will be so willing to embrace actual backpayments from SEBs as they are requested to by the new “reform” 

Sun Pharma and Bharti Airtel could be good picks while the market strengthens up momentum in the right direction, while Kingfisher and Jet are randomly favored by all those not beholden to Delta and NCC

 

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