STRATEGY FOR 12th MARCH

                      EQUITY  UPDATES

 

MARKET TREND-                             Positive, stop for long positions 8660.  
              

INSTITUTIONAL ACTIVITY-             Fii- Net sellers- 444 crores.

                                                       Dii- Net sellers - 338 crores.

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

                                            TRADING IDEAS

                                               CALLS OPEN

SHORT TERM-       MMFL -   Buy- 740(10/03/2015),  target -  871,  stop - 635.

                                  BRITANNIA -  Buy - 2203(05/03/2015),   target - 2486,  stop(revised) - 2005.

POSITIONAL -         COLPAL -  Buy- 2037(05/03/2015),    target -  2230,   stop(revised) - 2045.

TREND-  in few major stocks

HDFC-                      Positive, stop for long positions 1288.

YESBANK-               Positive, stop for long positions 805. 

BHARATFORGE-      Positive, stop for long positions 1195.

AXISBANK-               Positive, stop for long positions 575. 

MARUTI-                    Sideways. 

                       COMMODITY UPDATES

                                               MCX

GOLDM(apr)-                     Negative, stop for short positions 26400.

SILVERMIC(apr)-               Negative, stop for short positions 36600.

COPPERM(apr)-                Sideways.

NICKELM(mar)-                   Sideways.

ZINCMINI(mar)-                   Negative, stop for short positions 129.

CRUDEOIL(mar)-               Negative below 2975.

LEADMINI(mar)-                  Sideways.

ALUMINI(mar)-                   Negative, stop for short positions 113.

                                        

CARDAMOM(apr)-             Negative, stop for short positions 1060.

                                       NCDEX

CHANA(apr)-                   Positive, stop for long positions 3610.

SOYBEAN(apr)-              Negative, stop for short positions 3430.

RMSEED(apr)-                 Sideways.

                                CURRENCY UPDATE

USDINR(mar)-                      Positive, stop for long positions 62.40.

GBPINR(mar)-                      Sideways.

EURINR(mar)-                      Negative, stop for short positions 69.50.

JPYINR(mar)-                      Negative, stop for short positions 52.80