STRATEGY FOR 2nd FEBRUARY 2017

                                            EQUITY  UPDATES

 
MARKET (NIFTY SPOT) TREND-      Positive(from 8335), stop for long positions 8380.

             

INSTITUTIONAL ACTIVITY-             Fii- Net buyers - 92 crores.

                                                          Dii- Net buyers - 1133 crores.

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

RESULTS TODAY -                          Glenmark, Marico, Tci, Vijayabank. 

RESULTS TOMORROW -                Acc, Carerating, Jetairways, Manpasand, Mrf, Sfl, Star, Torntpharm,

                                                      Zeemedia.                                     

                                                                               

                                                      TRADING IDEAS 

POSITIONAL -   AMBUJACEM -     Buy above 237.20,  stop - 222,    target - 245.

                                                       POSITIONS OPEN

POSITIONAL -   TATAGLOBAL -     Buy(12/01/2017)- 128.20, stop(revised) - 123,  target - 136.

  

  TREND-  in few major stocks

HDFC-                   Positive(from 1287), stop for long positions 1325.

  

YESBANK-           Positive(from 1258), stop for long positions 1330.

TATASTEEL-          Positive(from 437), stop for long positions 440. 

AXISBANK-         Sideways.
   

MARUTI-              Positive(from 5535), stop for long positions 5790.

LT--                       Positive above 1501.

HDFCBANK -       Positive(from 1222), stop for long positions 1265.

                      

                                             COMMODITY UPDATES

                                                           MCX

GOLDM(mar)-                Positive(from 28920), stop for long positions 28100.

SILVERMIC(feb)-           Positive (from 41820), stop for long positions 40500.

COPPERM(feb)-            Positive(from 409.20), stop for long positions 388.

NICKELM(feb)-              Positive above 695.

ZINCMINI(feb)-              Positive(from 186.50,jan), stop for long positions 184. 

CRUDEOILM(feb)-          Sideways.

NATURALGAS(feb)-       Negative below 211.

LEADMINI(jan)-            Positive(from 150,jan), stop for long positions 153.

ALUMINI(feb)-              Positive(from 120.20,jan), stop for long positions 121.50.

                                     

CARDAMOM(mar)-        Negative below 1425.

                                                           NCDEX                                   

KAPASSRNR(apr,2017) -         Sideways.

SOYBEAN(feb)-                      Sideways.

RMSEED(apr)-                       Negative(from 3804), stop for short positions 3930.

                                CURRENCY UPDATE

USDINR(feb)-                Negative below 67.60.

GBPINR(feb)-               Sideways.

EURINR(feb)-                Sideways.

. 

JPYINR(feb)-                 Sideways.

                                                                                                                                                                        

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.