Monday, 20 April 2020

STRATEGY FOR 21st APRIL 2020

                                                      EQUITY UPDATE

MARKET TREND -      NIFTY(SPOT) -        Sideways.
                                  BANKNIFTY(SPOT) -    Negative(from 30300), stop for short positions 21700.

         INSTITUTIONAL ACTIVITY-        Fii -   Net sellers -  788 crores.

                                                                      Dii -  Net sellers -  265 crores.

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

RESULTS TODAY  -           Acc, Crisil, Icicipruli.  


                                                      TRADING IDEAS 


  TREND-  in few major stocks.


HDFC-                Sideways.
   
MARUTI-           Positive(from 5400), stop for long positions 4600.

HDFCBANK -     Sideways.

DABUR   -           Positive(from 510), stop for long positions 465.

                      

                                         

                                          COMMODITY UPDATES


                                           TRADING IDEAS 

                                                                      MCX

GOLDM(may)-          Sideways.

SILVERM(apr)-         Positive(from 42300), stop for long positions 42000. 

CRUDEOIL(may)-      Negative(from 1950), stop for short positions 2150.




                                CURRENCY UPDATE



USDINR(apr)-        Positive(from 76.85), stop for long positions 75.90.

GBPINR(apr)-        Positive(from 94.10), stop for long positions 94.50.

EURINR(apr)-        Sideways. 

JPYINR(apr)-         Positive(from 70.90), stop for long positions 70.20.
                                                                                                                                                                        
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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