STRATEGY FOR 17th APRIL

MARKET TREND-                      Positive, stop for long positions 6600.   
               

INSTITUTIONAL ACTIVITY-        Fii- Net sellers-  44 crores.

                                                    Dii- Net sellers - 347 crores. 

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

RESULTS TODAY-                     HCL tech, Wipro. 

RESULTS TOMORROW-           Reliance industries. 

                COMMODITY UPDATES

                                                MCX

GOLDM-                    Positive, stop for long positions 28700.

SILVERMIC-               Negative, stop for short positions 44000.

COPPERM-                Sideways.

NICKELM-                  Positive, stop for long positions 1020.

ZINCMINI-                  Positive, stop for long positions 121.50.

CRUDEOIL-               Positive, stop for long positions 6140.

LEADMINI-                Sideways.

ALUMINI-                   Sideways.

                                                         NCDEX

KAPAS(APR-2014)            Negative, stop for short positions 802.

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-                     Positive above 101.70.

EURINR-                     Sideways.

JPYINR-                      Sideways.