Monday, 11 May 2020

STRATEGY FOR 12th MAY 2020

                                                         EQUITY UPDATE

MARKET TREND -      NIFTY(SPOT) -           Positive(from 9650), stop for long position 8800.
                                  BANKNIFTY(SPOT) -       Sideways.

         INSTITUTIONAL ACTIVITY-        Fii -   Net buyers -  534 crores.

                                                                      Dii -  Net sellers -  821 crores

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

RESULTS TODAY -       
Bandhanbnk, Havells, Indiamart, Nestleind, Syngene.   

RESULTS TOMORROW -   Abb, Godrejcp, Kotakbank, Maruti, Mphasis, Siemens.  


                                                 TRADING IDEAS 

SHORT TERM-         Hindalco-   Buy(30/04/2020) - 118,  stop - 101,   target - 138.

  TREND-  in few major stocks.


HDFC-                Sideways.
   
MARUTI-           Negative(from 4690), stop for short positions 5200.

HDFCBANK -     Positive(from 965), stop for long positions 900.

DABUR   -           Negative below 436.


                                                                                   

                                          COMMODITY UPDATES


                                                                      MCX

GOLDM(jun)-           Positive(from 46300), stop for long positions 44500.

SILVERM(jun)-         Positive(from 43900), stop for long positions 41400. 

CRUDEOIL(may)-    Positive(from 1975), stop for long positions 1350.




                                CURRENCY UPDATE



USDINR(may)-        Negative(from 75.5), stop for short positions 76.40.

GBPINR(may)-        Negative below 93.30.

EURINR(may)-        Negative(from 82.20), stop for short positions 83.20. 

JPYINR(may)-         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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