STRATEGY FOR 8th 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 buyers -  829 crores.

                                                                      Dii -    Net sellers  - 784 crores

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

RESULTS TODAY -          Dishtv, Southbank.              

RESULTS TOMORROW  -     Tcs.                             

                                                                          TRADING IDEAS 

SHORT TERM    -  BAJAJFINSV-  Bought(02/07/2020) 6250,  stop - 6000,  target - 6950.

  TREND-  in few major stocks.

HDFC-                Positive(from 1845), stop for long positions 1775. 

   

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

HDFCBANK -     Positive (from 1051), stop for long positions 1025.

DABUR   -          Positive(from 471), stop for long positions 450.

                                                                                   

                                          COMMODITY UPDATES

                                                                      MCX

GOLDM(aug)-           Positive(from 47700,jul), stop for long positions 47300.

SILVERM(aug)-      Positive(from 50725), stop for long positions 47500. 

CRUDEOIL(jul)-     Positive(from 1975), stop for long positions 2750.

                                CURRENCY UPDATE

USDINR(jun)-       Negative(from 74.60), stop for short positions 75.75.

GBPINR(jun)-       Sideways.

EURINR(jul)-        Negative(from 84.30), top for short positions 85.50.

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