STRATEGY FOR 5th MAY
EQUITY UPDATES
MARKET (NIFTY SPOT) TREND- Positive(from 8335), stop for long positions 9100.
INSTITUTIONAL ACTIVITY- Fii- Net sellers - 601 crores.
Dii- Net buyers - 926 crores.
GLOBAL MARKETS- US markets trading negative at the time of writing.
RESULTS TODAY - Apollotyre, Eichermot, Equitas, Niittech.
RESULTS TOMORROW- Dmart, Gati, Pfizer.
TRADING IDEAS
POSITIONS OPEN
POSITIONAL - PFC - Bu(4/5/2017)- 165, stop - 151, target - 180.
POSITIONAL - HAVELLS - Buy(12/04/2017)- 486, stop(revised) - 469, target - 530.
TREND- in few major stocks
HDFC- Positive(from 1543), stop for long positions 1505.
YESBANK- Sideways.
TATASTEEL- Negative(from 446), stop for short positions 465.
AXISBANK- Sideways.
MARUTI- Positive(from 6370), stop for long positions 6270.
HDFCBANK - Positive(from 1222), stop for long positions 1490.
COMMODITY UPDATES
MCX
GOLDM(jun)- Negative(from 28630), stop for long positions 28600.
SILVERMIC(jun)- Negative(from 41280), stop for short positions 39600.
COPPERM(jun)- Negative below 355.
NICKELM(may)- Negative(from 624,apr), stop for short positions 620.
ZINCMINI(may)- Negative(from 174.80,apr), stop for short positions 172.
CRUDEOILM(may)- Negative(from 3188), stop for short positions 3175.
NATURALGAS(may)- Sideways.
LEADMINI(may)- Sideways.
ALUMINI(may)- Negative below 121.90.
CARDAMOM(may)- Sideways.
NCDEX
KAPASSRNR(apr,2018) - Negative(from 1028,apr 2017), stop for short positions 990.
SOYBEAN(jun)- Negative(from 2865,may), stop for short positions 3020.
RMSEED(jun)- Negative( from 3795,may), stop for short positions 3860.
CURRENCY UPDATE
USDINR(may)- Negative(from 67.58,feb), stop for short positions 64.80.
GBPINR(may)- Positive(from 82.85,apr), stop for long positions 82.20.
EURINR(may)- Sideways.
.
JPYINR(may)- Negative below 57.40.
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
USDINR(may)- Negative(from 67.58,feb), stop for short positions 64.80.
GBPINR(may)- Positive(from 82.85,apr), stop for long positions 82.20.
EURINR(may)- Sideways.
.
JPYINR(may)- Negative below 57.40.
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
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