STRATEGY FOR 2nd JANUARY 2017

                                                 EQUITY  UPDATES

 
MARKET (NIFTY SPOT) TREND-      Sideways.

             

INSTITUTIONAL ACTIVITY-             Fii- Net  sellers -  585 crores.

                                                          Dii- Net buyers -  725 crores.

GLOBAL MARKETS-                       US markets ended negative on friday.  

                                                                               

                                                      TRADING IDEAS 

                                                      POSITIONS CLOSED 

POSITIONAL -  YESBANK  -     Short(22/12/2016) -  1130,   stop(revised) hit (29/12/2016)  -  1140.

POSITIONAL-  ABIRLANUVO-    Short(19/12/2016) - 1186 , stop(revised)  hit (29/12/2016) -  1215.

  

  TREND-  in few major stocks

HDFC-                   Sideways.

  

YESBANK-           Sideways.

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 -       Sideways.

                      

                                             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(jan)-              Negative(from 729), stop for short positions 715.

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

CRUDEOILM(jan)-         Positive(from 3688), stop for long positions 3490.

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

LEADMINI(jan)-           Negative(from 141.20), stop for short positions 142.

ALUMINI(jan)-              Negative below 114.

                                     

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

                                                           NCDEX                                   

KAPASSRNR(apr,2017) -         Positive from 941, stop for long positions 924.

SOYBEAN(feb)-                      Negative(from 3025,jan), stop for short positions 3130.

RMSEED(apr)-                         Sideways.

                                CURRENCY UPDATE

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

GBPINR(jan)-                Sideways.

EURINR(jan)-                Positive above 72.20.

. 

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.