STRATEGY FOR 17th JULY 2020

                                                    EQUITY UPDATE

MARKET TREND -      NIFTY(SPOT) -     Positive(from 9650), stop for long position 10100.
                              BANKNIFTY(SPOT) -   Positive(from 21400), stop for long position 20500.

         INSTITUTIONAL ACTIVITY-        Fii -   Net sellers -  1091 crores.

                                                                      Dii -    Net buyers  - 1659 crores

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

RESULTS TODAY  -           Britannia, Granules, Hcltech, Icicigi. 

RESULTS TOMORROW -  Hdfcbank, M&m finance.         

              

                                                                TRADING IDEAS 

SHORT TERM   -  BAJAJFINSV-  Bought(02/07/2020) 6250,  Trailing stop hit (1/07/2020) - 6080.

  TREND-  in few major stocks.

HDFC-                Sideways. 

   

MARUTI-            Positive(from 5525), stop for long positions 5700.

HDFCBANK -     Sideways.

DABUR   -          Positive(from 471), stop for long positions 460.

                                                                                   

                                          COMMODITY UPDATES

                                                                      MCX

GOLDM(aug)-           Positive(from 47700,jul), stop for long positions 48000.

SILVERM(aug)-      Positive(from 50725), stop for long positions 50000. 

CRUDEOIL(jul)-     Positive(from 1975), stop for long positions 2880.

                                CURRENCY UPDATE

USDINR(jun)-       Negative(from 74.60), stop for short positions 75.65.

GBPINR(jun)-       Positive(from 94.50), stop for long positions 94.

EURINR(jul)-        Positive above 86.30. 

JPYINR(jul)-         Positive(from 70.05), stop for long positions 69.90.

                                                                                                                                                                        

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