STRATEGY FOR 23d OCTOBER 2019

                                                    EQUITY UPDATE

MARKET TREND -      NIFTY(SPOT) -        Positive(from 11490), stop for long positions 11250.
                                BANKNIFTY(SPOT) -   Positive(from 29100), stop for long positions 28200.

         INSTITUTIONAL ACTIVITY-    Fii -  Net sellers -  36 crores.

                                                                        Dii - Net sellers - 586  crores.

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

RESULTS TODAY  -          Bajajauto, Biocon, Castrol, Crompton, Dcal, Ghcl, Havells, Hcltech, Hdfclife, 
                                                  Heromotoco, Hexaware, Indianbank, Irb, Jswsteel, Kajaria, Lt, Niittech, Torntpharm.

RESULTS TOMORROW  -   Bandhanbnk, Colpal, Cumminsind, Gsfc, Icra, Indigo, Itc, Maruti, Niitltd, Pnbhousing, 
                                                  Raymond, Rnam, Srtransfin.

                                                            TRADING IDEAS 

  TREND-  in few major stocks.

HDFC-             Positive(from 2060), stop for long positions 2020.

   

MARUTI-        Positive(from 7050), stop for long positions 6850.

HDFCBANK -  Sideways.

DABUR   -         Positive(from 449), stop for long positions 450.

                      

                                         

                                          COMMODITY UPDATES

                                                                     MCX

GOLDM(nov)-          Sideways.

SILVERM(nov)-         Sideways.

CRUDEOIL(nov)-      Negative(from 3860,oct), stop for short positions 3920.        

                                CURRENCY UPDATE

USDINR(oct)-         Positive(from 71.75), stop for long positions 70.85.

GBPINR(oct)-         Positive(from 90.85), stop for long positions 89.70.

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

JPYINR(oct)-        Negative(from 65.60), stop for short positions 66.15.

                                                                                                                                                                        

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