STRATEGY FOR 3rd AUGUST 2020

                                                       EQUITY UPDATE

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

         INSTITUTIONAL ACTIVITY-        Fii -   Net sellers -  958 crores.

                                                                      Dii -    Net buyers  - 442 crores.

GLOBAL MARKETS-         US markets ended positive on friday. 

RESULTS TODAY  -       Bankindia, Exide.               

RESULTS TOMORROW -   Dixon, Gujgas, Jindalsaw, Mrpl, Nh, Tatacousumer. 

                                                                TRADING IDEAS 

  TREND-  in few major stocks.

HDFC-                 Sideways. 

   

MARUTI-             Positive(from 5525), stop for long positions 5900.

HDFCBANK -     Negative below 1010.

DABUR   -           Positive(from 495), stop for long positions 475.

                                                                                   

                                          COMMODITY UPDATES

                                                                      MCX

GOLDM(sep)-           Positive(from 47700,jul), stop for long positions 51800.

SILVERM(aug)-      Positive(from 50725), stop for long positions 60000. 

CRUDEOIL(aug)-    Sideways.

                                CURRENCY UPDATE

USDINR(aug)-       Negative(from 74.60,jul), stop for short positions 75.20.

GBPINR(aug)-       Positive(from 96.60), stop for long positions 97.

EURINR(aug)-        Positive(from 86.45,jul), stop for long positions 87.50.

JPYINR(aug)-         Positive(from 70.80), stop for long positions 70.70.

                                                                                                                                                                        

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