STRATEGY FOR 1st SEPTEMBER
EQUITY UPDATES
INSTITUTIONAL ACTIVITY- Fii- Net sellers- 710 crores.
Dii- Net buyers - 730 crores.
GLOBAL MARKETS- US markets trading negative at the time of writing.
TRADING IDEAS
OPEN CALLS
POSITIONAL - ICICI BANK- Buy(entry 19-08-2014)-1545, stop- 1470, target- 1675.
SHORT TERM- UFLEX -Buy(entry 28-08-2014)-150, stop - 122, target - 187.
DABUR- Buy(entry 14-08-2014)-216, stop(revised)- 213. target- 249.
MARUTI- Buy(entry-05-08-2014)- 2666, stop(revised)- 2640, target- 2980.
INFOSYS- Buy(entry-05-08-2014)- 3493, stoploss(revised)- 3450, target- 3820.
INFOSYS- Buy(entry-05-08-2014)- 3493, stoploss(revised)- 3450, target- 3820.
COMMODITY UPDATES
MCX
GOLDM(oct)- Sideways.
SILVERMIC(nov)- Negative, stop for short positions 43800.
COPPERM(nov)- Sideways.
NICKELM- Sideways.
ZINCMINI- Sideways.
CRUDEOIL- Negative, stop for short positions 5820.
LEADMINI- Sideways.
ALUMINI- Positive above 126.80.
CARDAMOM- Sideways.
NCDEX
CHANA(oct)- Negative, stop for short positions 2990.
SOYBEAN(oct)- Negative, stop for short positions 3450.
RMSEED(oct)- Sideways.
CURRENCY UPDATE
USDINR- Negative, stop for short positions 61.30.
GBPINR- Negative, stop for short positions 101.80.
.
EURINR- Negative, stop for short positions 81.30.
JPYINR- Negative, stop for short positions 59.20.