STRATEGY FOR 29th FEBRUARY
EQUITY UPDATES
MARKET TREND- Negative(from 7252), stop for short positions 7300.
INSTITUTIONAL ACTIVITY- Fii- Net sellers - 695 crores.
Dii- Net buyers - 784 crores.
GLOBAL MARKETS- US markets ended negative on friday.
DATA- BUDGET.
TRADING IDEAS
TREND- in few major stocks
HDFC- Negative(from 1107), stop for short positions 1088.
YESBANK- Negative(from 679), stop for short positions 719.
BHARATFORGE- Negative below 726.
AXISBANK- Sideways.
MARUTI- Negative below 3395.
LT-- Sideways.
BHARATFORGE- Negative below 726.
LT-- Sideways.
COMMODITY UPDATES
MCX
GOLDM(apr)- Positive(from 29310,mar), stop for long positions 28700.
SILVERMIC(apr)- Negative below 36400.
COPPERM(apr)- Positive above 330.
NICKELM(feb)- Sideways.
ZINCMINI(mar)- Positive(from 120.80,feb), stop for long positions 117.
CRUDEOILM(mar)- Sideways.
NATURALGAS(mar) Negative(from 129.5,feb), stop for short positions 129.
LEADMINI(mar)- Sideways.
ALUMINI(mar)- Positive(from106.10,feb), stop for long positions 106.50.
CARDAMOM(mar)- Negative(from 734), stop for short positions 690.
NCDEX
CHANA(apr)- Sideways.
SOYBEAN(mar)- Negative(from 3688), stop for short positions 3800.
RMSEED(apr)- Sideways.
MCX
GOLDM(apr)- Positive(from 29310,mar), stop for long positions 28700.
SILVERMIC(apr)- Negative below 36400.
COPPERM(apr)- Positive above 330.
NICKELM(feb)- Sideways.
ZINCMINI(mar)- Positive(from 120.80,feb), stop for long positions 117.
CRUDEOILM(mar)- Sideways.
NATURALGAS(mar) Negative(from 129.5,feb), stop for short positions 129.
LEADMINI(mar)- Sideways.
ALUMINI(mar)- Positive(from106.10,feb), stop for long positions 106.50.
CARDAMOM(mar)- Negative(from 734), stop for short positions 690.
NCDEX
CHANA(apr)- Sideways.
SOYBEAN(mar)- Negative(from 3688), stop for short positions 3800.
RMSEED(apr)- Sideways.
CURRENCY UPDATE
USDINR(mar)- Positive above 69.25.
GBPINR(mar)- Negative(from 97.40), stop for short positions 97.50.
EURINR(mar)- Negative(from 75.69), stop for short positions 76.60.
JPYINR(mar)- Positive above 61.80.
USDINR(mar)- Positive above 69.25.
GBPINR(mar)- Negative(from 97.40), stop for short positions 97.50.
EURINR(mar)- Negative(from 75.69), stop for short positions 76.60.
JPYINR(mar)- Positive above 61.80.