STRATEGY FOR 3rd SEPTEMBER 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 -  990 crores.

                                                                      Dii -    Net sellers  - 657 crores.

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

RESULTS TODAY  -           Pageind.                 

RESULTS TOMORROW-    Jubilant, Repcohome.   

   

                                                         TRADING IDEAS              

                                                         POSITIONS OPEN

SHORT TERM -        LICHSGFIN-(bought 28/08/2020)- 316, stop - 285, target -355.

                             

POSITIONAL  -           Glenmark-  Bought(14/08/2020)- 481, stop- 458, target-  530.

                                      

  TREND-  in few major stocks.

HDFC-                 Positive(from 1890), stop for long positions 1760.

   

MARUTI-            Positive(from 5525), stop for long positions 6700.

HDFCBANK -     Positive(from 1135), stop for long positions 1080.

DABUR   -          Sideways.

                                                                                   

                                         COMMODITY UPDATES

                                                                   MCX

GOLDM(oct)-           Negative(from 50800), stop for short positions 52400.

SILVERM(nov)-        Negative(from 66300), stop for short positions 72200.

CRUDEOIL(sep)-       Positive(from 3190), stop for long positions 3000.

                                CURRENCY UPDATE

USDINR(sep)-        Negative(from 73.95), stop for long positions 74.15. 

GBPINR(sep)-       Sideways.

EURINR(sep)-        Negative(from 87.65), stop for short positions 88.40.

JPYINR(sep)-         Negative(from 69.90), stop for short positions 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