Sunday, 25 May 2014

STRATEGY FOR 26th MAY


                      EQUITY  UPDATES


MARKET TREND-                         Positive, stop for long positions 7050.  
              
INSTITUTIONAL ACTIVITY-             Fii- Net buyers-  416 crores.

                                                          Dii- Net sellers - 135 crores.

GLOBAL MARKETS-               US markets ended positive on friday.  

RESULTS TODAY-                   Canara bank, City union bank,India cements, REC.

RESULTS TOMORROW-         Bharat forge, Bombay dyeing, JP associates, JSW steel,
                                                 OIL India. 

             

                            COMMODITY UPDATES


                                                MCX

GOLDM-                            Negative, stop for short positions 28010.

SILVERMIC-                      Negative, stop for short positions 42500.

COPPERM-                       Sideways.

NICKELM-                         Sideways.

ZINCMINI-                         Sideways.

CRUDEOIL-                      Sideways.

LEADMINI-                       Sideways.

ALUMINI-                         Negative, stop for short positions 105.20.

CARDAMOM(jun)-           Sideways.

                                                       NCDEX


KAPAS(APR-2015)            Sideways.

CHANA(jun)-                   Negative, stop for short positions 3010.

SOYBEAN(jun)-              Sideways. 

RMSEED(jun)-                Negative, stop for short positions 3550.


                                  CURRENCY UPDATE

USDINR-                     Negative, stop for short positions 59.30.

GBPINR-                     Negative, stop for short positions 99.60.

EURINR-                     Negative, stop for short positions 81.

JPYINR-                      Negative, stop for short positions 58.50.

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