STRATEGY FOR 21st FEBRUARY 2017

                                                   EQUITY  UPDATES

 
MARKET (NIFTY SPOT) TREND-      Positive(from 8335),  stop for long positions 8650.

             

INSTITUTIONAL ACTIVITY-              Fii- Net sellers -  433 crores.

                                                         Dii- Net buyers -   827 crores.

GLOBAL MARKETS-                       US markets - holiday.    

RESULTS TODAY -                          Castrol. 

                                      

                                                      TRADING IDEAS 

POSITIONAL -      VEDL  -      Buy above  -   273,  stop  - 254,   target - 293.

VEDL gave a fine breakout from earlier high  261.80 on 16th feb. It followed by a consolidation day and again a strong up candle day on 20th. It looks like a strong rectangle break out and poised for further upmove. 

                                                       POSITIONS CLOSED

POSITIONAL -      ABIRLANUVO -   Buy(9/2/2017) - 1452,  target hit (20/02/2017) -  1532.

                                                         POSITIONS OPEN

POSITIONAL -         GODREJCP -   Buy(15/02/2017,real time) - 1631,  stop- 1560,   target - 1720.

POSITIONAL -         M&M -   Buy(14/02/2017) - 1312,  stop(revised) - 1280,   target - 1410.

POSITIONAL -         LT  -    Buy (8/2/2017) - 1510,    stop(revised)  -  1460,    target -  1590.

  

  TREND-  in few major stocks

HDFC-                   Positive(from 1287), stop for long positions 1365.

  

YESBANK-           Positive(from 1258), stop for long positions 1385.

TATASTEEL-          Positive(from 437), stop for long positions 455. 

AXISBANK-         Positive(from 490), stop for long positions 470.
   

MARUTI-              Sideways.

LT--                       Positive(from 1503), stop for long positions 1460.

HDFCBANK -       Positive(from 1222), stop for long positions 1318.

                      

                                         

                                                    COMMODITY UPDATES

                                                           MCX

GOLDM(mar)-                Positive(from 28920), stop for long positions 28850.

SILVERMIC(feb)-           Positive (from 41820), stop for long positions 41800.

COPPERM(feb)-            Sideways.

NICKELM(feb)-              Positive(from 696), stop for long positions 713.

ZINCMINI(feb)-              Sideways. 

CRUDEOILM(mar)-         Sideways.

NATURALGAS(feb)-       Negative(from 210.50), stop for short positions 200.

LEADMINI(feb)-              Sideways.

ALUMINI(feb)-              Positive(from 120.20,jan), stop for long positions 124.50.

                                     

CARDAMOM(mar)-       Negative below 1430.

                                                           NCDEX                                   

KAPASSRNR(apr,2017) -         sideways.

SOYBEAN(mar)-                      Negative(from 2983,feb), stop for short positions 3010.

RMSEED(apr)-                       Negative(from 3804), stop for short positions 3870.

                                CURRENCY UPDATE

USDINR(feb)-                Negative(from 67.58), stop for short positions 67.30.

GBPINR(feb)-               Negative(from 84.05), stop for short positions 84.50.

EURINR(feb)-                Sideways.

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JPYINR(feb)-                 Negative(from 58.58), stop for short positions 59.65.

                                                                                                                                                                        

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.