STRATEGY FOR 22nd JUNE 2020

                                                 EQUITY UPDATE

MARKET TREND -      NIFTY(SPOT) -     Positive(from 9650), stop for long position 9350.
                              BANKNIFTY(SPOT) -   Positive(from 21400), stop for long position 18600.

         INSTITUTIONAL ACTIVITY-        Fii -   Net buyers -  1237 crores.

                                                                      Dii -    Net sellers  - 880 crores

GLOBAL MARKETS-         US markets ended negative on friday. 

RESULTS TODAY -      Naukri, Sudarshanchemicals.  

RESULTS TOMORROW -  Asianpaints, Asterdm, Bankbaroda, Bergerpaint, Gmdc, Indianbank, 

                                            Pageind, Unionbank. 

                                                                                   TRADING IDEAS 

  TREND-  in few major stocks.

HDFC-                Positive(from 1845), stop for long positions 1690. 

   

MARUTI-            Positive(from 5525), stop for long positions 5300.

HDFCBANK -     Positive from 1051, stop for long positions 920.

DABUR   -          Negative below 433.

                                                                                   

                                          COMMODITY UPDATES

                                                                      MCX

GOLDM(jul)-           Positive(from 47700), stop for long positions  above 45900.

SILVERM(jun)-       Sideways. 

CRUDEOIL(jul)-    Positive(from 1975), stop for long positions 2600.

                                CURRENCY UPDATE

USDINR(jun)-        Positive(from 76.30), stop for long positions 75.60.

GBPINR(jun)-        Negative below 94.20.

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

JPYINR(jun)-        Positive(from 71.10), stop for long positions 70.25.

                                                                                                                                                                        

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