STRATEGY FOR 1st SEPTEMBER
EQUITY UPDATES
MARKET TREND- Negative, stop for short positions 8200.
INSTITUTIONAL ACTIVITY- Fii- Net sellers - 551 crores.
Dii- Net buyers - 478 crores.
GLOBAL MARKETS- US markets trading negative at the time of writing.
TREND- in few major stocks
HDFC- Sideways.
YESBANK- Sideways.
BHARATFORGE- sideways.
AXISBANK- Sideways.
MARUTI- Sideways.
BHARATFORGE- sideways.
COMMODITY UPDATES
MCX
GOLDM(sep)- Sideways.
SILVERMIC(nov)- Sideways.
COPPERM(nov)- Sideways.
NICKELM(sep)- Negative, stop for short positions 678.
ZINCMINI(sep)- Sideways.
CRUDEOILM(sep)- Positive above 3270.
LEADMINI(sep)- Positive above 116.60.
ALUMINI(sep)- Positive above 107.80.
CARDAMOM(sep)- Positive, stop for long positions 825.
NCDEX
CHANA(oct)- Sideways.
SOYBEAN(oct)- Sideways.
RMSEED(oct)- Sideways.
MCX
GOLDM(sep)- Sideways.
SILVERMIC(nov)- Sideways.
COPPERM(nov)- Sideways.
NICKELM(sep)- Negative, stop for short positions 678.
ZINCMINI(sep)- Sideways.
CRUDEOILM(sep)- Positive above 3270.
LEADMINI(sep)- Positive above 116.60.
ALUMINI(sep)- Positive above 107.80.
CARDAMOM(sep)- Positive, stop for long positions 825.
NCDEX
CHANA(oct)- Sideways.
SOYBEAN(oct)- Sideways.
RMSEED(oct)- Sideways.
CURRENCY UPDATE
USDINR(sep)- Positive, stop for long positions 66.
GBPINR(sep)- Sideways.
EURINR(sep)- Sideways.
JPYINR(sep)- Positive, stop for long positions 54.10.
USDINR(sep)- Positive, stop for long positions 66.
GBPINR(sep)- Sideways.
EURINR(sep)- Sideways.
JPYINR(sep)- Positive, stop for long positions 54.10.