STRATEGY FOR 30th OCTOBER
EQUITY UPDATES
MARKET TREND- Positive, stop for long positions 6000.
INSTITUTIONAL ACTIVITY- Fii- Net buyers- 1103 crores.
Dii- Net sellers - 894 crores.
GLOBAL MARKETS- US markets trading positive at the time of writing.
IMPORTANT RESULTS TODAY- Bata, Bharti, DLF, IDBI, Jindal steel, LIC housing finance,
Lupin, Oriental bank.
IMPORTANT RESULTS TOMORROW- Adani ent, allahabad bank, Bank of India, BOB, Dr reddy
Future retail, IDFC, Titan, Union bank.
TRADING IDEAS
POSITIONAL- Axis bank- Buy above 1265 sl 1170 target- 1375.
SHORT TERM- M&M- Buy above 906 sl- 840 target- 976.
COMMODITY UPDATES
MCX
GOLDM- Sideways.
SILVERMIC- Sideways.
COPPERM- Negative, stop for short positions 460.
NICKELM- Positive, stop for long positions 877.
ZINCMINI- Sideways.
CRUDEOIL- Negative, stop for short positions 6280.
LEADMINI- Positive, stop for long positions 131.
ALUMINI- Sideways.
NCDEX
KAPAS(APR-2014) Sideways.
CHANA(nov)- Sideways.
SOYBEAN(nov)- Positive, stop for long positions 3700.
CURRENCY UPDATES
USDINR(nov)- Negative, stop for short positions 63.10.
GBPINR(nov)- Negative, stop for short positions 100.90.
EURINR(nov)- Sideways.
JPYINR(nov)- Negative,stop for short positions 64.40.