Thursday, 10 April 2014

STRATEGY FOR 10th APRIL


                    EQUITY  UPDATES



MARKET TREND-                      Positive, stop for long positions 6600.


INSTITUTIONAL ACTIVITY-        Fii- Net buyers-  1043 crores.

                                                    Dii- Net sellers - 463 crores. 

GLOBAL MARKETS-                US markets trading positive at the time of writing. 

                                  TRADING IDEAS


SHORT TERM-                      VSTTILLERS-         Buy above- 990,  sl- 880,  target- 1110.

                                              FEDERAL BANK-   Buy above- 98.50,  sl- 88,  target- 110.


                           COMMODITY UPDATES


                                                MCX

GOLDM-                    Sideways.

SILVERMIC-               Negative, stop for short positions 44200.

COPPERM-                Negative, stop for short positions 411.

NICKELM-                  Positive, stop for long positions 978.

ZINCMINI-                  Positive, stop for long positions 121.10.

CRUDEOIL-               Positive above 6255.

LEADMINI-                Sideways.

ALUMINI-                   Positive, stop for long positions 107.70.

CARDAMOM(may)-      Positive, stop for long positions 880.
                                          
                                                            NCDEX


KAPAS(APR-2014)            Negative, stop for short positions 824.

CHANA(may)-                   Negative, stop for short positions 3230.

SOYBEAN(may)-              Positive, stop for long positions 4300. 

RMSEED(may)-                Sideways.


                                           CURRENCY UPDATE

USDINR-                     Negative, stop for short positions 60.80.

GBPINR-                     Sideways.

EURINR-                     Negative, stop for short positions 83.60.

JPYINR-                     Negative, stop for short positions 59.50

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