STRATEGY FOR 31st AUGUST 2020

                                                             EQUITY UPDATE

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.

                                                                                   

                                          COMMODITY UPDATES

                                                                      MCX

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