STRATEGY FOR 29th DECEMBER

                                                            EQUITY  UPDATES

 
MARKET (NIFTY SPOT) TREND-      Negative(from 8458), stop for short positions 8180.

             

INSTITUTIONAL ACTIVITY-             Fii- Net  sellers -  527 crores.

                                                             Dii- Net buyers -  824 crores.

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

                                                                               

                                                      TRADING IDEAS 

                                                      POSITIONS OPEN 

POSITIONAL -  YESBANK  -     Short(22/12/2016) -  1130,   stop(revised) -  1140,    target - 1085.

POSITIONAL-  ABIRLANUVO-   Short(19/12/2016) - 1186 ,     stop(revised) -  1215,   target -  1138.

  

  TREND-  in few major stocks

HDFC-                   Sideways.

  

YESBANK-           Negative(from 1130), stop for short positions 1158.

TATASTEEL-         Negative(from 384), stop for short positions 407. 

AXISBANK-          Negative(from 433), stop for short positions 460.
   

MARUTI-              Sideways.

LT--                       Negative(from 1307), stop for short positions 1370.

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 40400. 

COPPERM(feb)-             Negative(from 382), stop for short positions 385.

NICKELM(dec)-              Negative(from 729), stop for short positions 730.

ZINCMINI(dec)-              Negative(from 171.50), stop for short positions 179. 

CRUDEOILM(jan)-         Positive(from 3688), stop for long positions 3480.

NATURALGAS(jan)-      Positive(from 247), stop for long positions 247.

LEADMINI(dec)-           Negative(from 141.20), stop for short positions 145.

ALUMINI(dec)-               Sideways.

                                     

CARDAMOM(jan)-         Positive(from 1405), stop for short positions 1315.

                                                           NCDEX                                   

KAPASSRNR(apr,2017) -         Positive from 941, stop for long positions 910.

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

RMSEED(jan)-                         Sideways.

                                CURRENCY UPDATE

USDINR(jan)-                 Positive(from 68.54), stop for long positions 68.

GBPINR(jan)-                Sideways.

EURINR(jan)-                Sideways.

. 

JPYINR(jan)-                 Negative(from 62.29,nov), stop for short positions 59.25.

                                                                                                                                                                        

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.