STRATEGY FOR 20th MARCH

                                                                EQUITY  UPDATES

 
MARKET (NIFTY SPOT) TREND-      Positive(from 8335),  stop for long positions 8850.

             

INSTITUTIONAL ACTIVITY-              Fii- Net buyers -  1532 crores.

                                                         Dii- Net sellers -  711 crores.

GLOBAL MARKETS-                       US markets  ended flat on friday.  

                                                                          

                                                    TRADING IDEAS

 POSITIONAL -         BAJAJ AUTO-  Buy above 2950,   stop -   2840,  target -  3070.

                                                         POSITIONS OPEN

SHORT TERM-     ADANI POWER -   Buy(27/02/2017)- 39.10,   stop(revised) - 35.90   target - 46.

POSITIONAL -      AXISBANK  -      Buy(22/02/2017) - 513,  stop(revised)  - 499,    target - 545.

POSITIONAL -         M&M -          Buy(14/02/2017) - 1312,  stop(revised) - 1289,   target - 1410.

  

  TREND-  in few major stocks

HDFC-                   Positive(from 1436), stop for long positions 1410.

  

YESBANK-           Positive(from 1258), stop for long positions 1460.

TATASTEEL-          Positive above 510. 

AXISBANK-         Positive(from 490), stop for long positions 497.
   

MARUTI-              Positive(from 6160), stop for long positions 5930.

HDFCBANK -       Positive(from 1222), stop for long positions 1385.

                      

                                         

                                                    COMMODITY UPDATES

                                                           MCX

GOLDM(apr)-                 Negative(from 28710), stop for short positions 28700.

SILVERMIC(apr)-          Negative(from 41840), stop for short positions 41500.

COPPERM(apr)-            Negative(from 384.90), stop for short positions 393.

NICKELM(mar)-             Negative(from 674), stop for short positions 693.

ZINCMINI(feb)-               Sideways. 

CRUDEOILM(apr)-        Negative(from 3400,mar), stop for short positions 3390.

NATURALGAS(mar)-      Sideways.

LEADMINI(mar)-           Negative(from 149.50,feb), stop for short positions 152.

ALUMINI(mar)-              Sideways.

                                     

CARDAMOM(apr)-       Negative(from 1429,mar), stop for short positions 1445.

                                                           NCDEX                                   

KAPASSRNR(apr,2017) -       Sideways.

SOYBEAN(apr)-                    Negative(from 2983,feb), stop for short positions 2910.

RMSEED(apr)-                       Positive(from 3920), stop for long positions 3790.

                                CURRENCY UPDATE

USDINR(mar)-                Negative(from 67.58,feb), stop for short positions 66.10.

GBPINR(mar)-               Negative(from 84.05,feb), stop for short positions 81.70.

EURINR(mar)-               Negative(from 69.95), stop for short positions 71.

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JPYINR(mar)-             Negative(from 58.58,feb), stop for short positions 58.65.

                                                                                                                                                                        

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.