STRATEGY FOR 6th MAY 2020

                                            EQUITY UPDATE

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

         INSTITUTIONAL ACTIVITY-        Fii -   Net sellers -  1059 crores.

                                                                      Dii -  Net sellers -  995 crores

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

RESULTS TODAY -       Yes bank. 

RESULTS TOMORROW -  Cyient, Hcltech, Gillette, Rblbank.

                                                 TRADING IDEAS 

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

  TREND-  in few major stocks.

HDFC-                Sideways.

   

MARUTI-            Sideways.

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

DABUR   -          Sideways.

                                                                                   

                                          COMMODITY UPDATES

                                                                      MCX

GOLDM(jun)-           Sideways.

SILVERM(jun)-         Sideways. 

CRUDEOIL(may)-    Positive above 1975.

                                CURRENCY UPDATE

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

GBPINR(may)-       Sideways.

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