Fooled by the sharp fall again? (Pre Closing TRading strategies – Oct 19, 2012)

5650 is already holding and the gramnd attraction of the year in the Global Capital markets has been the Northward journey hich remains intact as always after hurrying down to 5650 and the Rupee reaching near 54 levels in the Octoebr series. 

Markets are probably also affected by coming Earnings releases from TCS. Don’t leave short positions open on the weekend and Don’t go home without going long in what you believe in, be it failing eartnings in the sudden currency moves from Stride Arcolabs or the growing Consumer Brands of ITC with  a static 36% EBITDA ( Earnings analysis to follow) Also, rememeber if the markets survive this as we think they will going long in Bank Nifty right now would be worth a few on Monday Markets open itself and much more before Expiry strikes attempt another if any in the ‘penultimate afternoon sessions’ of Tuesday or Wednesday when long only investors sit down for a luncheon with their investees 😀

 

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