STRATEGY FOR 8th MAY 2020

                                                     EQUITY UPDATE

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

         INSTITUTIONAL ACTIVITY-        Fii -   Net buyers -  19056 crores.

                                                                      Dii -  Net buyers -  3818 crores

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

RESULTS TODAY -         Sbicard, Shreecem. 

RESULTS TOMORROW -    Hdfcamc, Icicibank.

                                                 TRADING IDEAS 

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

  TREND-  in few major stocks.

HDFC-                Sideways.

   

MARUTI-           Negative below 4690.

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

DABUR   -           Negative below 436.

                                                                                   

                                          COMMODITY UPDATES

                                                                      MCX

GOLDM(jun)-           Positive above 46300.

SILVERM(jun)-         Positive above 43900. 

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

                                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 83.20. 

JPYINR(may)-         Positive above 71.65.

                                                                                                                                                                        

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