STRATEGY FOR 6th AUGUST 2020

                                                          EQUITY UPDATE

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

         INSTITUTIONAL ACTIVITY-        Fii -   Net sellers -  60 crores.

                                                                      Dii -    Net sellers  - 425 crores.

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

RESULTS TODAY  -     Adanient, Adanipower, Bluestar,  Canfinhome, Deepaknitrate, Hindpetro, 

                                             Jktyre, Kei, Lupin, Pidilite, Torntpower, Voda-idea. 

RESULTS TOMORROW -  Alkem, Amaraja, Amber, Balrampurchini, Bata, Beml, Cipla, Concor, Kajaria, Mgl,

                                                 M&m, Rec, Siemens, Sobha. 

DATA  -                       RBI MONETARY POLICY.

                                                                TRADING IDEAS D

  TREND-  in few major stocks.

HDFC-                 Negative below 1720. 

   

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

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

DABUR   -           Positive(from 495), stop for long positions 485.

                                                                                   

                                          COMMODITY UPDATES

                                                                      MCX

GOLDM(sep)-           Positive(from 47700,jul), stop for long positions 53500.

SILVERM(aug)-      Positive(from 50725), stop for long positions 62900. 

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

                                CURRENCY UPDATE

USDINR(aug)-        Sideways. 

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

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