STRATEGY FOR 17th JUNE 2020

                                                                EQUITY UPDATE

MARKET TREND -      NIFTY(SPOT) -     Positive(from 9650), stop for long position 9350.
                              BANKNIFTY(SPOT) -   Positive(from 21400), stop for long positions 18500.

         INSTITUTIONAL ACTIVITY-        Fii -   Net sellers -  1478 crores.

                                                                      Dii -    Net buyers  - 1161 crores

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

RESULTS TODAY -       Cummins, Fortis, Igl, Muthootfinance, Natcopharma, Pidilite, Recl. 

RESULTS TOMORROW -   Brigade, Cub, Irb, Moil. 

                                                                                   TRADING IDEAS 

SHORT TERM-    HDFCAMC-      Buy(05/06/2020)-2765,   stop  -  2460,   target - 3085.

  TREND-  in few major stocks.

HDFC-                Positive above 1845. 

   

MARUTI-            Positive(from 5525), stop for long positions 5100.

HDFCBANK -     Positive from 1051, stop for long positions 900.

DABUR   -          Sideways.

                                                                                   

                                          COMMODITY UPDATES

                                                                      MCX

GOLDM(jul)-           Positive above 47700.

SILVERM(jun)-       Sideways. 

CRUDEOIL(jun)-    Positive(from 1975), stop for long positions 2550.

                                CURRENCY UPDATE

USDINR(jun)-        Positive(from 76.30), stop for long positions 75.10.

GBPINR(jun)-        Positive above 96.50.

EURINR(jun)-       Positive(from 83.40), stop for long positions 84.90.

JPYINR(jun)-        Positive(from 71.10), stop for long positions 70.

                                                                                                                                                                        

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