STRATEGY FOR 1st SEPTEMBER
EQUITY UPDATES
MARKET (NIFTY SPOT) TREND- Positive(from 8324), stop for long positions 8500.
INSTITUTIONAL ACTIVITY- Fii- Net buyers - 854 crores.
Dii- Net buyers - 847 crores.
GLOBAL MARKETS- US markets trading negative at the time of writing.
TRADING IDEAS
CALLS OPEN
POSITIONAL - HINDALCO - Buy(30/08/2016), 160.20, stop(revised) - 153, target - 170.
POSITIONAL- BEML- Buy(18/08/2016)- 1030, stop(revised) - 1030, target - 1118.
SHORT TERM- GHCL - Buy(17/08/2016, given real time)- 250, stop(revised) - 234, target - 289.
SHORT TERM - ASIANTILES - Buy(02/08/2016) - 231, stop(revised) - 212, target - 260.
TREND- in few major stocks
HDFC- Positive(from 1388), stop for long positions 1355.
YESBANK- Positive(from 1115), stop for long positions 1306.
TATASTEEL- Sideways.
AXISBANK- Positive(from 572), stop for long positions 567.
MARUTI- Positive(from 4295), stop for long positions 4770.
LT-- Sideways.
HDFCBANK - Positive(from 1261), stop for long positions 1230.
TATASTEEL- Sideways.
COMMODITY UPDATES
MCX
GOLDM(oct)- Negative(from 30765), stop for short positions 31150.
SILVERMIC(nov)- Negative(from 44390,aug), stop for short positions 46500.
COPPERM(nov)- Negative(from 320,aug), stop for short positions 321.50.
NICKELM(sep)- Negative(from 677), stop for short positions 688.
ZINCMINI(sep)- Positive from 153.70, stop for long positions 150.
CRUDEOILM(sep)- Negative below 2990.
NATURALGAS(aug)- Sideways.
LEADMINI(sep)- Positive(from 125.80,aug) stop for long positions 124.50.
ALUMINI(sep)- Negative(from 108.9), stop for short positions 111.
CARDAMOM(sep)- Positive(from 944,aug), stop for long positions 1105.
KAPASSRNR(apr,2017) - Negative from 960, stop for short positions 912.
SOYBEAN(oct)- Negative(from 3521), stop for short positions 3400.
RMSEED(sep)- Negative(from 4695), stop for short positions 4690.
CURRENCY UPDATE
USDINR(sep)- Sideways.
GBPINR(sep)- Positive(from 88.77,aug), stop for long positions 87.65.
EURINR(sep)- Sideways.
JPYINR(sep)- Negative below 65.05.
DISCLAIMER- This blog is just my trading ideas or how i follow the market. This blog is merely a device that can help you to think and consider, but you are 100% responsible for any actions you take by reading this blog.
USDINR(sep)- Sideways.
GBPINR(sep)- Positive(from 88.77,aug), stop for long positions 87.65.
EURINR(sep)- Sideways.
JPYINR(sep)- Negative below 65.05.
DISCLAIMER- This blog is just my trading ideas or how i follow the market. This blog is merely a device that can help you to think and consider, but you are 100% responsible for any actions you take by reading this blog.