STRATEGY FOR 29th JUNE 2020

                                                           EQUITY UPDATE

MARKET TREND -      NIFTY(SPOT) -     Positive(from 9650), stop for long position 9500.
                              BANKNIFTY(SPOT) -   Positive(from 21400), stop for long position 19400.

         INSTITUTIONAL ACTIVITY-        Fii -   Net sellers -  753 crores.

                                                                      Dii -    Net buyers  -  1304 crores

GLOBAL MARKETS-         US markets ended negative on friday. 

RESULTS TODAY -        Bel, Bharatforge, Cesc, Mrf, Rvnl, Raymond, Repcohome. 

RESULTS TOMORROW -   Cera, Dishtv, Godfrey, Ircon, Midhani, Nbcc, Ong, Rites, Sail,  

                                             

                                                           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 960.

DABUR   -           Sideways.

                                                                                   

                                          COMMODITY UPDATES

                                                                      MCX

GOLDM(aug)-           Positive(from 47700,jul), stop for long positions 46500.

SILVERM(aug)-       Sideways. 

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

                                CURRENCY UPDATE

USDINR(jun)-        Sideways.

GBPINR(jun)-        Negative(from 94.20), stop for short positions 95.30.

EURINR(jul)-         Negative below 84.80.

JPYINR(jul)-          Positive(from 71.10,jun), stop for long positions 70.35.

                                                                                                                                                                        

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