The effect of this positve development is already visible on both, the forex and stock market fronts. The undercurrent at the Indian bourses remains extremely positive and barring the odd technical correction, an upward surge seems to be on the cards.

Traders could contemplate taking up long positions at the counters of Pfizer at Rs 955 (square up at Rs 990), Kodak at Rs 300 (square up at Rs 335) and ITC at Rs 1085 (square up at Rs 1115). Last week, we had advised traders to consider taking up a long position at the counter of ACC and those who did so would have laughed their way to the bank. This week, they could consider taking up ashort position at the counter of ACC at Rs 200 (cover at Rs 185) as also at the counter of Siemens at Rs 260 (cover at Rs 235).

The dark horse bet of this week is Sri Adhikari Brothers, whose shares have attracted a lot of speculative as well as investment attention in the past couple of weeks. This week the optimal strategy would be to make early purchases, book quick profits, simultaneously short-sell at higher levels and then await the technical correction.