STRATEGY FOR 4th MAY 2020

                                                    EQUITY UPDATE

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

         INSTITUTIONAL ACTIVITY-        Fii -   Net buyers -  1968 crores.

                                                                      Dii -  Net buyers -   579 crores

GLOBAL MARKETS-         US markets  ended negative on friday. 

RESULTS TOMORROW  -    Niittech, Persistent.

                                                 TRADING IDEAS 

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

  TREND-  in few major stocks.

HDFC-                Positive(from 1860), stop for long positons 1710.

   

MARUTI-            Positive(from 5400), stop for long positions 4800.

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

DABUR   -          Positive(from 510), stop for long positions 475.

                                                                                   

                                          COMMODITY UPDATES

                                                                      MCX

GOLDM(jun)-           Sideways.

SILVERM(jun)-         Sideways. 

CRUDEOIL(may)-     Sideways.

                                CURRENCY UPDATE

USDINR(may)-        Negative(from 75.5), stop for short positions 76.50.

GBPINR(may)-        Negative(from 93.95), stop for short positions 95.25.

EURINR(may)-        Negative(from 82.20), stop for short positions 83.30. 

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