STRATEGY FOR 12th MAY 2020
EQUITY UPDATE
TRADING IDEAS
TREND- in few major stocks.
MARKET TREND - NIFTY(SPOT) - Positive(from 9650), stop for long position 8800.
BANKNIFTY(SPOT) - Sideways.
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 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.
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
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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