STRATEGY FOR 8th JUNE 2020

                                                    EQUITY UPDATE

MARKET TREND -      NIFTY(SPOT) -     Positive(from 9650), stop for long position 9300.
                              BANKNIFTY(SPOT) -     Positive above 21400.

         INSTITUTIONAL ACTIVITY-        Fii -   Net buyers -  97 crores.

                                                                      Dii -    Net buyers  -  47 crores

GLOBAL MARKETS-         US markets ended positive on friday. 

RESULTS TODAY -     Inox, Pvr, Titan.    

RESULTS TOMORROW -    Graphite, Heromotoco, Mrpl, Teamlease. 

                                                                                   TRADING IDEAS 

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

  TREND-  in few major stocks.

HDFC-                Sideways.

   

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

HDFCBANK -     Positive above 1051.

DABUR   -          Sideways.

                                                                                   

                                          COMMODITY UPDATES

                                                                      MCX

GOLDM(jul)-           Sideways.

SILVERM(jun)-        Positive(from 43900), stop for long positions 47200. 

CRUDEOIL(jun)-    Positive(from 1975), stop for long positions 2400.

                                CURRENCY UPDATE

USDINR(jun)-        Negative(from 75.5,may), stop for short positions 76.

GBPINR(jun)-       Positive(from 93.70), stop for long position 93.40.

EURINR(jun)-       Positive(from 83.40), stop for long positions 83.50.

JPYINR(jun)-        Negative(from 69.75), stop for short positions 70.70.

                                                                                                                                                                        

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