STRATEGY FOR 16th DECEMBER

                                                  EQUITY  UPDATES

 
MARKET TREND-                           Negative, stop for short positions 7830.
              

INSTITUTIONAL ACTIVITY-             Fii- Net buyers - 48 crores.

                                                          Dii- Net buyers -  273 crores.

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

    

  TREND-  in few major stocks

HDFC-                           Sideways.

YESBANK-                 Negative, stop for short positions 736.

BHARATFORGE-    Sideways. 

AXISBANK-              Negative, stop for short positions 460. 

MARUTI-                   Sideways.

                      

                                             COMMODITY UPDATES

                                               MCX

GOLDM(jan)-                    Sideways.

SILVERMIC(feb)-              Sideways.

COPPERM(feb)-                Sideways.

NICKELM(dec)-                Negative below 565.

ZINCMINI(dec)-                Negative, stop for short positions 105.

CRUDEOILM(dec)-            Negative(from 2764), stop for short positions 2625.

NATURALGAS(dec)           Negative(from 137.90), stop for short positions 136.

LEADMINI(dec)-                Positive(from 111.60), stop for long positions 113.

ALUMINI(dec)-                   Sideways.

                                       

CARDAMOM(jan)-              Sideways.

                                       NCDEX

CHANA(jan)-                   Sideways.

SOYBEAN(jan)-               Negative(from 3839), stop for short positions 3870.

RMSEED(jan)-                 Negative(from 4748), stop for short positions 4625.

                                        

                                CURRENCY UPDATE

USDINR(dec)-                       Positive, stop for short positions 66.50.

GBPINR(dec)-                      Sideways.

EURINR(dec)-                      Positive above 74.30.

JPYINR(dec)-                       Positive, stop for long positions  above 54.70.