STRATEGY FOR 20th MAY 2020

                                                  EQUITY UPDATE

MARKET TREND -      NIFTY(SPOT) -           Positive(from 9650), stop for long position 8800.
                                  BANKNIFTY(SPOT) -    Negative(from 17400), stop for short positions 20200.

         INSTITUTIONAL ACTIVITY-        Fii -   Net sellers -  1328 crores.

                                                                      Dii -  Net buyers -  1660 crores

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

RESULTS TODAY -         Ajantpharma, Bajajauto, Drreddy, Ghcl, Jublfood, Star, Ultracemco.

RESULTS TOMORROW -   Bajajfinsv, Bajajhldng, Colpal, Hindzinc, Tatametalks. 

                                                                                   TRADING IDEAS 

SHORT TERM-         Hindalco-   Buy(30/04/2020) - 118,  stop(revised) - 113,   target - 138.

  TREND-  in few major stocks.

HDFC-                Sideways.

   

MARUTI-            Sideways.

HDFCBANK -     Negative below 825. 

DABUR   -          Negative(from 438), stop for short positions 465.

                                                                                   

                                          COMMODITY UPDATES

                                                                      MCX

GOLDM(jun)-           Positive(from 46300), stop for long positions 45100.

SILVERM(jun)-         Positive(from 43900), stop for long positions 44200. 

CRUDEOIL(jun)-    Positive(from 1975), stop for long positions 1900.

                                CURRENCY UPDATE

USDINR(may)-        Negative(from 75.5), stop for short positions 76.20.

GBPINR(may)-        Negative(from 93.30), stop for short positions 93.10

EURINR(may)-       Sideways. 

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