STRATEGY FOR 8th MARCH

                                                EQUITY  UPDATES

 
MARKET (NIFTY SPOT) TREND-      Positive(from 8335),  stop for long positions 8700.

             

INSTITUTIONAL ACTIVITY-              Fii- Net buyers -  920 crores.

                                                         Dii- Net sellers -  1073 crores.

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

                                      

                                                      TRADING IDEAS 

                                                         POSITIONS OPEN

SHORT TERM-     ADANI POWER -   Buy(27/02/2017)- 39.10,   stop(revised) - 35,   target - 46.

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

POSITIONAL -      VEDL  -      Buy(21/02/2017) -   273.20,     stop  - 254,      target - 293.

POSITIONAL -         M&M -   Buy(14/02/2017) - 1312,  stop(revised) - 1286,   target - 1410.

                                                    

  

  TREND-  in few major stocks

HDFC-                   Sideways.

  

YESBANK-           Positive(from 1258), stop for long positions 1400.

TATASTEEL-          Positive(from 437), stop for long positions 475. 

AXISBANK-         Positive(from 490), stop for long positions 493.
   

MARUTI-              Sideways.

LT--                       Sideways.

HDFCBANK -       Positive(from 1222), stop for long positions 1350.

                      

                                         

                                                    COMMODITY UPDATES

                                                           MCX

GOLDM(apr)-                 Negative below 28720.

SILVERMIC(apr)-          Negative below 41850.

COPPERM(apr)-            Negative below 385.

NICKELM(mar)-             Sideways.

ZINCMINI(feb)-              Negative (from 184.80), stop for short positions 188. 

CRUDEOILM(mar)-         Sideways.

NATURALGAS(mar)-      Sideways.

LEADMINI(mar)-           Negative(from 149.50,feb), stop for short positions 153.

ALUMINI(mar)-              Sideways.

                                     

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

                                                           NCDEX                                   

KAPASSRNR(apr,2017) -       Positive(from 1049), stop for long positions 1050.

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

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

                                CURRENCY UPDATE

USDINR(mar)-                Negative(from 67.58,feb), stop for short positions 67.20.

GBPINR(mar)-               Negative(from 84.05,feb), stop for short positions 82.60.

EURINR(mar)-                Sideways.

. 

JPYINR(mar)-             Negative(from 58.58,feb), stop for short positions 59.55.

                                                                                                                                                                        

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.