STRATEGY FOR 4th JANUARY 2017

                                                     EQUITY  UPDATES

 
MARKET (NIFTY SPOT) TREND-      Sideways.

             

INSTITUTIONAL ACTIVITY-             Fii- Net  sellers -  500 crores.

                                                          Dii- Net buyers -  562 crores.

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

                                                                               

                                                      TRADING IDEAS 

  

  TREND-  in few major stocks

HDFC-                   Sideways.

  

YESBANK-           Sideways.

TATASTEEL-          Sideways. 

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

MARUTI-              Positive above 5530.

LT--                       Sideways.

HDFCBANK -       Sideways.

                      

                                             COMMODITY UPDATES

                                                           MCX

GOLDM(jan)-                 Sideways.

SILVERMIC(feb)-           Sideways.

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)-      Sideways.

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 1365.

                                                           NCDEX                                   

KAPASSRNR(apr,2017) -         Positive from 941, stop for long positions 942.

SOYBEAN(feb)-                      Sideways.

RMSEED(apr)-                         Sideways.

                                CURRENCY UPDATE

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

GBPINR(jan)-                Positive above 84.35.

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.