STRATEGY FOR 12th AUGUST 2020

                                                         EQUITY UPDATE

MARKET TREND -      NIFTY(SPOT) -     Positive(from 9650), stop for long position 10700.
                              BANKNIFTY(SPOT) -   Sideways.

         INSTITUTIONAL ACTIVITY-        Fii -   Net buyers -  1013 crores.

                                                                      Dii -    Net sellers  - 1415 crores.

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

RESULTS TODAY  -       Ashokley, Advenzymes, Auropharma, Bharatforge, Cholafin, 

                                                 Cummins, Natcopharma, Ncc, Tatapower. 

RESULTS TOMORROW -    Balkrisind, Bpcl, Eichermot, Engineersind, Gail, Godrejind, 

                                              Grasim, Heromoto, Pfc, Srtransfin, Tatasteel.

                                                                TRADING IDEAS D

  TREND-  in few major stocks.

HDFC-                 Sideways. 

   

MARUTI-             Positive(from 5525), stop for long positions 6100.

HDFCBANK -     Negative(from 1010), stop for short positions1090.

DABUR   -           Positive(from 495), stop for long positions 489.

                                                                                   

                                          COMMODITY UPDATES

                                                                      MCX

GOLDM(sep)-          Sideways.

SILVERM(aug)-       Sideways. 

CRUDEOIL(aug)-   Positive(from 3190), stop for long positions 2970.

                                CURRENCY UPDATE

USDINR(aug)-       Positive(from 75.15), stop for long positions 74.50. 

GBPINR(aug)-       Positive(from 96.60), stop for long positions 97.60.

EURINR(aug)-        Positive(from 86.45,jul), stop for long positions 87.80.

JPYINR(aug)-         Negative below 70.35.

                                                                                                                                                                        

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