STRATEGY FOR 8th AUGUST 2019

                                                        EQUITY UPDATE

MARKET TREND -      NIFTY(SPOT) -       Negative(from 11370), stop for short positions 11300.
                                  BANKNIFTY(SPOT) -   Negative(from 29100), stop for short positions 29050.

         INSTITUTIONAL ACTIVITY-    Fii -  Net sellers -  383 crores.

                                                                        Dii - Net buyers - 531 crores.

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

RESULTS TODAY  -      Adanient, Adanitrans, Cub, Coffeday, Emami, Engineersind, Godrejprop, 

                                            Hexaware, Ircon, Mgl, Nbcc, Page, Radico, Rcf, Tatachem, Ultracemco. 

RESULTS TOMORROW -  Bhel, Bpcl, Britannia, Cadila, Gail, Hindalco, Mrf, Natopharma,
                                                 Ncc, Niacl, Nhpc, Oil, Pcjeweller, Pfizer, Sobha, Sail, Suntv.

                                                            TRADING IDEAS 

  TREND-  in few major stocks.

HDFC-              Sideways.

   

MARUTI-          Negative(from 6750), stop for short positions 5900.

HDFCBANK -   Negative(from 2349), stop for short positions 2250.

DABUR   -         Positive(from 437), stop for long position 418.

                      

                                         

                                          COMMODITY UPDATES

                                                                     MCX

GOLDM(sep)-              Positive(from 36020), stop for long positions 36400.

SILVERM(aug)-          Positive(from 2700), stop for long positions  above 42700.

CRUDEOILM(aug)-    Negative below 3590.        

                                CURRENCY UPDATE

USDINR(aug)-         Positive(from 69.15,jul), stop for long positions 70.10.

GBPINR(aug)-         Positive above 86.85.

EURINR(aug)-         Positive(from 79.45), stop for long positions 78.50.

JPYINR(aug)-         Positive(from 66.15), stop for long positions 65.80.
                                                                                                                                                                        

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