STRATEGY FOR 9th MAY

                                                                         EQUITY  UPDATES

 
MARKET (NIFTY SPOT) TREND-      Positive(from 8335),  stop for long positions 9100.

             

INSTITUTIONAL ACTIVITY-            Fii- Net sellers -  542  crores.

                                                           Dii- Net buyers - 663 crores.

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

RESULTS TODAY -                          Bharti, Denabank, Fretail, Gmdc, Godrejcp, Indigo, Petronet, Sreinfra,

                                                         Syndibank, Vijayabank. 

                                                       

RESULTS TOMORROW-                 Dalmiabha, Heromotoco, Siemens.

                                                                          

                                                    TRADING IDEAS

SHORT TERM-       PCJEWELLER -    Buy above  - 450,    stop-  400,    target - 505.

                                                         POSITIONS OPEN

POSITIONAL  -     PFC -     Bu(4/5/2017)-  165,   stop  -  155,     target  - 180.

SHORT TERM-       ASIANPAINT -    Buy(26/04/017) - 1105,    stop(revised) -  1098,    target - 1195.

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 455.

AXISBANK-         Sideways.

   

MARUTI-             Positive(from 6370), stop for long positions 6300.

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 353.50.

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(from 121.80), stop for short positions 124.50.

                                     

CARDAMOM(may)-       Sideways.

                                                           NCDEX                                   

KAPASSRNR(apr,2018) -        Negative(from 1028,apr 2017), stop for short positions 985.

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)-               Positive above 71.

. 

JPYINR(may)-               Negative(from 57.38), stop for short positions 58.15.

                                                                                                                                                                        

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