STRATEGY FOR 22nd MARCH

                                                    EQUITY  UPDATES

 
MARKET (NIFTY SPOT) TREND-      Positive(from 8335),  stop for long positions 8900.

             

INSTITUTIONAL ACTIVITY-            Fii- Net buyers -  1662 crores.

                                                           Dii- Net sellers -  crores.

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

                                                                          

                                                    TRADING IDEAS

                                                         POSITIONS OPEN

SHORT TERM -    JAY BHARAT MARUTI -   Buy(21/03/2017) - 432,    stop  - 345,    target -  520.

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

                                                         POSITIONS CLOSED

POSITIONAL -      AXISBANK  -      Buy(22/02/2017) - 513,  revised stop hit(21/03/2017)  - 499.

POSITIONAL -         M&M -          Buy(14/02/2017) - 1312,  revised stop hit(21/03/2017) - 1289.

  

  TREND-  in few major stocks

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

  

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

TATASTEEL-          Sideways.

AXISBANK-         Sideways.

   

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

HDFCBANK -       Positive(from 1222), stop for long positions 1400.

                      

                                         

                                                    COMMODITY UPDATES

                                                           MCX

GOLDM(apr)-                 Sideways.

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 685.

ZINCMINI(feb)-               Sideways. 

CRUDEOILM(apr)-        Negative(from 3400,mar), stop for short positions 3300.

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 1435.

                                                           NCDEX                                   

KAPASSRNR(apr,2017) -       Sideways.

SOYBEAN(apr)-                     Sideways.

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

                                CURRENCY UPDATE

USDINR(mar)-                Negative(from 67.58,feb), stop for short positions 66.

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

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

. 

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.