STRATEGY FOR 29th JULY 2020

                                                           EQUITY UPDATE

MARKET TREND -      NIFTY(SPOT) -     Positive(from 9650), stop for long position 10600.
                              BANKNIFTY(SPOT) -   Positive(from 21400), stop for long position 21400.

         INSTITUTIONAL ACTIVITY-        Fii -   Net buyers -  245 crores.

                                                                      Dii -    Net sellers  - 1017 crores.

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

RESULTS TODAY  -       Bharti, Ceat, Chambal, Colpal, Dr reddy, Glaxo, Indigo, Manappuram, Maruti, 

                                             Rvnl, Tvsmotor. 

           

RESULTS TOMORROW -   Ajantapharma, Cholafin, Dabur, Hdfc, Mfsl, Pel, Reliance, Srf, 

                                             Torntpharma.

              

                                                                TRADING IDEAS 

  TREND-  in few major stocks.

HDFC-                 Positive(from 1905), stop for long positions 1775. 

   

MARUTI-             Positive(from 5525), stop for long positions 5790.

HDFCBANK -     Sideways.

DABUR   -           Sideways.

                                                                                   

                                          COMMODITY UPDATES

                                                                      MCX

GOLDM(aug)-           Positive(from 47700,jul), stop for long positions 50400.

SILVERM(aug)-      Positive(from 50725), stop for long positions 59000. 

CRUDEOIL(aug)-     Positive(from 1975,july), stop for long positions 2925.

                                CURRENCY UPDATE

USDINR(aug)-       Negative(from 74.60,jul), stop for short positions 75.60.

GBPINR(aug)-       Positive(from 96.60), stop for long positions 94.40.

EURINR(aug)-        Positive(from 86.45,jul), stop for long positions 86.80

JPYINR(aug)-         Positive(from 70.80), stop for long positions 70.10.

                                                                                                                                                                        

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