STRATEGY FOR 16th OCTOBER 2019

                                          EQUITY UPDATE

MARKET TREND -      NIFTY(SPOT) -        Positive above 11490.
                                  BANKNIFTY(SPOT) -    Sideways.

         INSTITUTIONAL ACTIVITY-    Fii -  Net buyers -  895 crores.

                                                                        Dii - Net buyers - 425  crores.

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

RESULTS TODAY  -               Federalbnk, Mindtree.  

RESULTS TOMORROW  -  Chennpetro, Cyient, Dhfl, Lti, Pvr, Tvsmotor, Zeel.  

                                                            TRADING IDEAS 

  TREND-  in few major stocks.

HDFC-             Sideways.

   

MARUTI-        Positive(from 7050), stop for long positions 6500.

HDFCBANK -  Sideways.

DABUR   -         Positive(from 449), stop for long positions 435.

                      

                                         

                                          COMMODITY UPDATES

                                                                     MCX

GOLDM(nov)-          Sideways.

SILVERM(nov)-         Sideways.

CRUDEOIL(oct)-      Negative(from 3860), stop for short positions 3930.        

                                CURRENCY UPDATE

USDINR(oct)-         Positive above 71.75.

GBPINR(oct)-         Positive above 90.85.

EURINR(oct)-        Positive(from 78.60), stop for long positions 78.10.

JPYINR(oct)-        Negative(from 65.60), stop for short positions 66.70.

                                                                                                                                                                        

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