STRATEGY FOR 23rd JULY 2020

                                                   EQUITY UPDATE

MARKET TREND -      NIFTY(SPOT) -     Positive(from 9650), stop for long position 10400.
                              BANKNIFTY(SPOT) -   Positive(from 21400), stop for long position 21000.

         INSTITUTIONAL ACTIVITY-        Fii -   Net buyers -  1665 crores.

                                                                      Dii -    Net sellers  - 1138 crores

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

RESULTS TODAY  -      Abb, Biocon, Hdfcamc, Mphasis, Pnbhousing.         

RESULTS TOMORROW -    Ambujacem, Asianpaint, Chennpetro, Coromandel, Crompton, Itc, 

                                              Jswsteel, Zeel.       

              

                                                                TRADING IDEAS 

  TREND-  in few major stocks.

HDFC-                 Positive above 1905. 

   

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

HDFCBANK -     Positive above 1165.

DABUR   -           Positive(from 471), stop for long positions 470.

                                                                                   

                                          COMMODITY UPDATES

                                                                      MCX

GOLDM(aug)-           Positive(from 47700,jul), stop for long positions 48900.

SILVERM(aug)-      Positive(from 50725), stop for long positions 52700. 

CRUDEOIL(aug)-     Positive(from 1975,july), stop for long positions 2900.

                                CURRENCY UPDATE

USDINR(jun)-       Negative(from 74.60), stop for short positions 75.40.

GBPINR(jun)-       Sideways.

EURINR(jul)-        Positive above 86.45.

JPYINR(jul)-         Sideways.

                                                                                                                                                                        

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