Wednesday, 18 March 2020

STRATEGY FOR 18th MARCH 2020

                                                        EQUITY UPDATE

MARKET TREND -      NIFTY(SPOT) -       Negative(from 11750), stop for short positions 10400.
                                BANKNIFTY(SPOT) -     Negative(from 30300), stop for short positions 26300.

         INSTITUTIONAL ACTIVITY-    Fii -  Net sellers -  4044 crores.

                                                                      Dii -  Net buyers -  3422 crores.

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

                                                                       TRADING IDEAS 


  TREND-  in few major stocks.


HDFC-                 Sideways.
   
MARUTI-             Negative(from 6420), stop for short positions 6100.

HDFCBANK -      Negative(from 1210), stop for short positions 1100.

DABUR   -           Negative(from 425). stop for short positions 460.

                      

                                         

                                          COMMODITY UPDATES


                                           TRADING IDEAS 

                                                                      MCX

GOLDM(apr)-            Negative(from 40000), stop for short positions 42200.

SILVERM(apr)-         Negative(from 40500), stop for short positions 41700.

CRUDEOIL(mar)-    Negative(from 3500), stop for short positions 2900.




                                CURRENCY UPDATE



USDINR(feb)-        Positive(from 72.30), stop for long positions 73.70.

GBPINR(feb)-        Negative below 90. 

EURINR(feb)-       Negative below 82.

JPYINR(feb)-         Sideways. 
                                                                                                                                                                        
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

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