STRATEGY FOR 24th FEBRUARY

                                EQUITY  UPDATES

 

MARKET TREND-                             Positive, stop for long positions 8590.  
              

INSTITUTIONAL ACTIVITY-             Fii- Net buyers- 601 crores.

                                                       Dii- Net sellers - 163 crores.

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

TREND-  in few major stocks

HDFC-                      Positive, stop for long positions 1260.

YESBANK-               Sideways. 

BHARATFORGE-      Positive, stop for long positions 1145.

AXISBANK-               Sideways.

MARUTI-                   Sideways. 

                        COMMODITY UPDATES

                                               MCX

GOLDM(mar)-                    Negative, stop for short positions 26850.

SILVERMIC-                      Negative, stop for short positions 38000.

COPPERM-                         Sideways.

NICKELM-                          Negative, stop for short positions 907.

ZINCMINI-                           Negative, stop for short positions 131.50.

CRUDEOIL(mar)-                Sideways.

LEADMINI-                        Negative, stop for short positions 113.

ALUMINI-                          Negative, stop for short positions 114.

                                        

CARDAMOM(mar)-             Sideways.

                                 NCDEX

CHANA(apr)-                   Positive, stop for long positions 3590.

SOYBEAN(apr)-              Sideways.

RMSEED(apr)-                 Sideways.

                                CURRENCY UPDATE

USDINR(feb)-                      Sideways.

GBPINR(feb)-                      Positive, stop for long positions 94.90.

EURINR(feb)-                      Negative, stop for short positions 72.

JPYINR(feb)-                      Negative, stop for short positions 53.10