STRATEGY FOR 1st NOVEMBER
EQUITY UPDATES
MARKET TREND- Positive, stop for long positions 6050.
INSTITUTIONAL ACTIVITY- Fii- Net buyers- 1875 crores.
Dii- Net sellers - 833 crores.
GLOBAL MARKETS- US markets trading flat at the time of writing.
IMPORTANT RESULTS TODAY- Punj lloyd.
TRADING IDEAS
SHORT TERM- LICHSGFIN- Buy- 225, sl - 194, target- 260.
VOLTAS- Buy above - 90.20, sl- 82, target- 102.
COMMODITY UPDATES
MCX
GOLDM- Negative below 30200.
SILVERMIC- Sideways.
COPPERM- Negative, stop for short positions 460.
NICKELM- Positive, stop for long positions 885.
ZINCMINI- Sideways.
CRUDEOIL- Negative, stop for short positions 6200.
LEADMINI- Positive, stop for long positions 132.
ALUMINI- Sideways.
NCDEX
KAPAS(APR-2014) Negative, stop for long positions 995.
CHANA(nov)- Sideways.
SOYBEAN(nov)- Positive, stop for long positions 3770.
CURRENCY UPDATES
USDINR- Negative, stop for short positions 63.10.
GBPINR- Negative, stop for short positions 100.90.
EURINR- Negative below 84.30.
JPYINR- Negative,stop for short positions 63.80.
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