STRATEGY FOR 30th MARCH
EQUITY UPDATES
MARKET (NIFTY SPOT) TREND- Positive(from 7561), stop for long positions 7390.
INSTITUTIONAL ACTIVITY- Fii- Net buyers - 513 crores.
Dii- Net sellers - 556 crores.
GLOBAL MARKETS- US markets trading positive at the time of writing.
TRADING IDEAS
TRADES OPEN
POSITIONAL - Apollotyre- Buy 172.50 (08/03/2016), stop - 168, target - 186.
TREND- in few major stocks
HDFC- Sideways.
YESBANK- Positive(from 799), stop for long positions 810.
BHARATFORGE- Positive(from 856), stop for long positions 850.
AXISBANK- Sideways.
MARUTI- Positive(from 3760), stop for long positions 3530.
LT-- Positive(from 1217), stop for long positions 1180.
BHARATFORGE- Positive(from 856), stop for long positions 850.
LT-- Positive(from 1217), stop for long positions 1180.
COMMODITY UPDATES
MCX
GOLDM(may)- Sideways.
SILVERMIC(apr)- Sideways.
COPPERM(apr)- Sideways.
NICKELM(apr)- Negative(from 571,mar), stop for short positions 594.
ZINCMINI(apr)- Sideways.
CRUDEOILM(apr)- Sideways.
NATURALGAS(apr)- Positive above 133.
LEADMINI(apr)- Negative below 116.
ALUMINI(apr)- Negative(from 104.55,mar), stop for short positions 101.70.
CARDAMOM(apr)- Positive(from 735), stop for long positions 719.
NCDEX
CHANA(apr)- Positive(from 4507), stop for long positions 4380.
SOYBEAN(apr)- Positive(from 3957), stop for long positions 3940.
RMSEED(apr)- Positive(from 4167), stop for long positions 4040.
MCX
GOLDM(may)- Sideways.
SILVERMIC(apr)- Sideways.
COPPERM(apr)- Sideways.
NICKELM(apr)- Negative(from 571,mar), stop for short positions 594.
ZINCMINI(apr)- Sideways.
CRUDEOILM(apr)- Sideways.
NATURALGAS(apr)- Positive above 133.
LEADMINI(apr)- Negative below 116.
ALUMINI(apr)- Negative(from 104.55,mar), stop for short positions 101.70.
CARDAMOM(apr)- Positive(from 735), stop for long positions 719.
CHANA(apr)- Positive(from 4507), stop for long positions 4380.
SOYBEAN(apr)- Positive(from 3957), stop for long positions 3940.
RMSEED(apr)- Positive(from 4167), stop for long positions 4040.
CURRENCY UPDATE
USDINR(apr)- Negative(from 67.06), stop for short positions 67.60.
GBPINR(apr)- Sideways.
EURINR(apr)- Sideways.
JPYINR(apr)- Negative below 58.85.
USDINR(apr)- Negative(from 67.06), stop for short positions 67.60.
GBPINR(apr)- Sideways.
EURINR(apr)- Sideways.
JPYINR(apr)- Negative below 58.85.