MARKET TREND - NIFTY(SPOT) - Positive(from 9650), stop for long position 11000.
BANKNIFTY(SPOT) - Positive(from 23800), stop for long positions 22300.
INSTITUTIONAL ACTIVITY- Fii - Net buyers - 1004 crores.
Dii - Net sellers - 543 crores.
GLOBAL MARKETS- US markets ended positive on friday.
RESULTS TODAY - Bdl, Nhpc.
RESULTS TOMORROW- Ongc.
TRADING IDEAS
POSITIONS OPEN
SHORT TERM - LICHSGFIN-(bought 28/08/2020)- 316, stop - 280, target -355.
APOLLOTYRE- Bought(27/08/2020)- 133, stop- 121, target - 152.
POSITIONAL - Glenmark- Bought(14/08/2020)- 481, stop- 458, target- 530.
Ultracemco- Bought(18/08/2020)- 4081, stop- 3950, target - 4290.
TREND- in few major stocks.
HDFC- Positive above 1890.
MARUTI- Positive(from 5525), stop for long positions 6700.
HDFCBANK - Positive above 1135.
DABUR - Sideways.
GOLDM(oct)- Negative(from 50800), stop for short positions 52700.
SILVERM(nov)- Negative(from 66300), stop for short positions 72500.
CRUDEOIL(sep)- Positive(from 3190), stop for long positions 3000.
CURRENCY UPDATE
USDINR(sep)- Negative(from 73.95), stop for long positions 74.75.
GBPINR(sep)- Negative below 97.10.
EURINR(sep)- Negative(from 87.65), stop for short positions 88.75.
JPYINR(sep)- Negative(from 69.90), stop for short positions 70.50..
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