- If you're in the India PSU trade, they have run up significantly recently.
- Even if they want to continue the rally, it is probably time for a weekly tf drawdown.
- Pharma on the other hand has been rallying up.
- I have rotated from PSU to Pharma. There is 25% upside in a few week timeframe.
- Short Banks, long Pharma and Commodity based equity may be a good trade.