STRATEGY FOR 2nd MARCH

                               EQUITY  UPDATES

 

MARKET TREND-                             Positive, stop for long positions 8590.  
              

INSTITUTIONAL ACTIVITY-             Fii- Net buyers- 614 crores.

                                                       Dii- Net sellers - 740 crores.

GLOBAL MARKETS-                      US markets ended negative on friday.

TREND-  in few major stocks

HDFC-                      Positive, stop for long positions 1288.

YESBANK-               Positive above 872. 

BHARATFORGE-      Positive, stop for long positions 1175.

AXISBANK-               Positive above 621.

MARUTI-                   Sideways. 

                        COMMODITY UPDATES

                                               MCX

GOLDM(apr)-                    Negative, stop for short positions 26750.

SILVERMIC(apr)-               Negative, stop for short positions 38000.

COPPERM(apr)-                 Positive above 375.50.

NICKELM(mar)-                   Negative, stop for short positions 913.

ZINCMINI(mar)-                   Negative, stop for short positions 131.

CRUDEOIL(mar)-                Sideways.

LEADMINI(mar)-                 Negative, stop for short positions 112.

ALUMINI(mar)-                   Negative, stop for short positions 114.50.

                                        

CARDAMOM(apr)-             Negative, stop for short positions 1100.

                                 NCDEX

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

SOYBEAN(apr)-              Sideways.

RMSEED(apr)-                 Sideways.

                                CURRENCY UPDATE

USDINR(mar)-                      Sideways.

GBPINR(mar)-                      Sideways.

EURINR(mar)-                      Negative, stop for short positions 71.50.

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