STRATEGY FOR 23rd DECEMBER

                                                             EQUITY  UPDATES

 
MARKET (NIFTY SPOT) TREND-      Negative(from 8458), stop for short positions 8220.

             

INSTITUTIONAL ACTIVITY-             Fii- Net  sellers -  614 crores.

                                                        Dii- Net buyers -  319 crores.

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

                                                                               

                                                      TRADING IDEAS 

                                                      POSITIONS OPEN 

POSITIONAL -  YESBANK  -     Short(22/12/2016) -  1130,   stop -  1171,    target - 1085.

POSITIONAL -  AJANTPHARM - Short(20/12/2016) - 1768,  stop(revised) - 1760,  target -  1690.

POSITIONAL-  ABIRLANUVO-   Short(19/12/2016) - 1186 ,     stop -  1230,   target -  1138.

  

  TREND-  in few major stocks

HDFC-                   Sideways.

  

YESBANK-           Negative(from 1130), stop for short positions 1184.

TATASTEEL-           Sideways. 

AXISBANK-          Sideways.
   

MARUTI-              Sideways.

LT--                       Negative below 1309.

HDFCBANK -        Negative(from 1218), stop for short positions 1210.

                      

                                             COMMODITY UPDATES

                                                           MCX

GOLDM(jan)-                 Negative(from 29290), stop for short positions 27800.

SILVERMIC(feb)-           Negative(from 39150), stop for short positions 40800. 

COPPERM(feb)-             Negative(from 382), stop for short positions 393.

NICKELM(dec)-              Negative(from 729), stop for short positions 773.

ZINCMINI(dec)-             Sideways. 

CRUDEOILM(jan)-         Sideways.

NATURALGAS(dec)-      Positive above 246.70.

LEADMINI(dec)-           Negative below 141.40.

ALUMINI(dec)-               Sideways.

                                     

CARDAMOM(jan)-           Sideways.

                                                           NCDEX                                   

KAPASSRNR(apr,2017) -         Positive from 941, stop for long positions 895.

SOYBEAN(jan)-                      Negative(from 3025), stop for short positions 3100.

RMSEED(jan)-                        Negative(from 4415), stop for short positions 4460.

                                CURRENCY UPDATE

USDINR(dec)-                 Sideways.

GBPINR(dec)-                Negative(from 84.18), stop for short positions 84.90.

EURINR(dec)-                Negative(from 71.52), stop for short positions 71.80.

. 

JPYINR(dec)-                 Negative(from 62.29,nov), stop for short positions 59.

                                                                                                                                                                        

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.