STRATEGY FOR 2nd AUGUST

                                                                    EQUITY UPDATES

 
MARKET TREND - (NIFTY SPOT) -      Positive(from 8335),  stop for long positions 9750.

                       BANKNIFTY(SPOT) -      Positive(from 24020), stop(revised) for long positions 24000.    

             

INSTITUTIONAL ACTIVITY-            Fii- Net  sellers -  945 crores.

                                                             Dii- Net  buyers-  1390 crores. 

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

RESULTS TODAY -           Bata, Edelweiss, Kec, Lupin, Pnb, Ucobank, Voltas, Wockpharma. 

   

RESULTS TOMORROW -  Ceat, Colpal, Cummins, Ioc, Jindalsaw, Tian, Ujjivan. 

DATA   -                               RBI monetary policy(2.30pm)

                                                    TRADING IDEAS

POSITIONAL-   TATASTEEL -  Buy above 577,   stop - 550,     target - 607.

                                                    POSITIONS OPEN 

POSITIONAL  -      CESC-  Buy (01/08/2017) - 950,   stop -  900,   target - 1000.

SHORT TERM -     FEDERAL BANK  -   Buy(9/6/2017, real time) -  118,  stop(revised) - 109,  target - 134.

POSITIONAL  -      MUTHOOTFIN  -  Buy(13/07/2017)- 473(real time),   stop(revised) - 444,   target - 510.

  PO

  TREND-  in few major stocks

HDFC-                 Positive(form 1605), stop for long positions 1675.

  

YESBANK-         Positive(from 1592), stop for long positions 1700.

   

MARUTI-             Positive(from 6370), stop for long positions 7460.

HDFCBANK -       Positive(from 1222), stop for long positions 1690.

                      

                                         

                                          COMMODITY UPDATES

                                                   MCX

GOLDM(sep)-                 Positive(from 28400,aug), stop for long positions  28350.

SILVERMIC(aug)-           Positive(from 38250), stop for long positions 37600.

COPPERM(aug)-             Positive(from 392), stop for long positions 398.

NICKELM(aug)-               Positive(from 617,jul), stop for long positions 635. 

                                                     
ZINCMINI(aug)-               Sideways. 

CRUDEOILM(aug)-        Positive(from 3070), stop for long positions 3070.

NATURALGAS(aug)-     Negative(from 179), stop for short positions 193.

LEADMINI(aug)-             Sideways.

ALUMINI(aug)-                 Sideways.

                                

                                                           NCDEX                                   

KAPASSRNR(apr,2018) -     Sideways.

                                CURRENCY UPDATE

USDINR(aug)-              Negative(from 64.50), stop for short positions 64.75.

GBPINR(aug)-             Positive above 85.20.

EURINR(aug)-               Positive(from 74,jul), stop for long positions 75.10.

JPYINR(aug)-               Positive(from 57.15,jul), stop for long positions 57.80.

                                                                                                                                                                        

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