STRATEGY FOR 31st MARCH
EQUITY UPDATES
MARKET TREND- Positive, stop for long positions 6500.
INSTITUTIONAL ACTIVITY- Fii- Net buyers- 1362 crores.
Dii- Net sellers - 208 crores.
GLOBAL MARKETS- US markets ended positive on friday.
TRADING IDEAS
POSITIONAL - AXISBANK- Buy above- 1475, sl- 1400, target- 1565.
S
COMMODITY UPDATES
MCX
GOLDM(may)- Negative, stop for short positions 29100.
SILVERMIC- Negative, stop for short positions 44700.
COPPERM- Negative, stop for short positions 411.
NICKELM(apr)- Negative below 940.
ZINCMINI(apr)- Negative, stop for short positions 122.20.
CRUDEOIL- Sideways.
LEADMINI(apr)- Negative, stop for short positions 127.
ALUMINI(apr)- Negative, stop for short positions 106.10.
CARDAMOM(apr)- Positive, stop for long positions 840.
NCDEX
KAPAS(APR-2014) Negative below 834.
CHANA(apr)- Sideways.
SOYBEAN(apr)- Sideways.
RMSEED(apr)- Negative, stop for short positions 3490.
CURRENCY UPDATE
USDINR- Negative, stop for short positions 61.
GBPINR- Negative, stop for short positions 101.30.
EURINR- Negative, stop for short positions 83.60.
JPYINR- Negative, stop for short positions 60.10.