STRATEGY FOR 8th FEBRUARY 2017

                                                     EQUITY  UPDATES

 
MARKET (NIFTY SPOT) TREND-      Positive(from 8335), stop for long positions 8500.

             

INSTITUTIONAL ACTIVITY-             Fii- Net buyers - 201 crores.

                                                          Dii- Net buyers - 1620 crores.

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

RESULTS TODAY -                           Bharatforge, Cipla, Cub, Heromotoco, Ntpc, Ofss, Rpower, Siemens, 

                                                       Tatachem, Unionbank, Ubl.

RESULTS TOMORROW -                Abb, Andhrabank, Auropharma, Bankindia, Bata, Bpcl, Cairn, Escorts,

                                                      Jindalsaw, Jktyre, Lupin, Powergrid, Sail, Torntpower.      

DATA -                                       RBI monetary policy (10 a.m).                          

                                                                               

                                                      TRADING IDEAS 

POSITIONAL -      LT  -    Buy above - 1510,    stop  -  1450,    target -  1590.

SHORT TERM -     ASIANPAINT -    Buy above - 1010,   stop - 950,    target - 1080.

SHORT TERM -     ICICIPRU Life insurance-    Buy above - 370,   stop - 329,    target - 415.

  

  TREND-  in few major stocks

HDFC-                   Positive(from 1287), stop for long positions 1340.

  

YESBANK-           Positive(from 1258), stop for long positions 1340.

TATASTEEL-          Positive(from 437), stop for long positions 448. 

AXISBANK-         Positive(from 490), stop for long positions 458.
   

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

LT--                       Positive(from 1503), stop for long positions 1425.

HDFCBANK -       Positive(from 1222), stop for long positions 1275.

                      

                                         

                                                    COMMODITY UPDATES

                                                           MCX

GOLDM(mar)-                Positive(from 28920), stop for long positions 28590.

SILVERMIC(feb)-           Positive (from 41820), stop for long positions 41300.

COPPERM(feb)-            Sideways.

NICKELM(feb)-              Positive(from 696), stop for long positions 674.

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

CRUDEOILM(feb)-          Sideways.

NATURALGAS(feb)-       Negative(from 210.50), stop for short positions 226.

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)-       Sideways.

                                                           NCDEX                                   

KAPASSRNR(apr,2017) -         Sideways.

SOYBEAN(feb)-                      Sideways.

RMSEED(apr)-                       Negative(from 3804), stop for short positions 3900.

                                CURRENCY UPDATE

USDINR(feb)-                Negative(from 67.58), stop for short positions 67.90.

GBPINR(feb)-               Negative(from 84.05), stop for short positions 84.70.

EURINR(feb)-                Negative(from 72.33), stop for short positions 73.

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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.