STRATEGY FOR 23rd OCTOBER 2020

                                                          EQUITY UPDATE

MARKET TREND -  NIFTY(SPOT) -  Positive(from 11620), stop for long positions 11500.
                         BANKNIFTY(SPOT) -Positive(from 23000), stop for long positions 22800.

         INSTITUTIONAL ACTIVITY-        Fii -   Net buyers - 1118 crores.

                                                                  Dii -    Net sellers  - 2019 crores.

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

RESULTS TODAY-            Icicigi, Idbi, Jswsteel, Persistent, Techm, Yesbank. 

RESULTS TOMORROW-       Rossari. 

           

                                                         TRADING IDEAS             

                                                        

  TREND-  in few major stocks.

HDFC-                Positive(from 1805), stop for long positions 1920.

   

MARUTI-            Sideways.
 

HDFCBANK -     Positive(from 1160), stop for long positions 1155.

DABUR   -           Positive(from 533), stop for long positions 494.

                                                                                   

                                         COMMODITY UPDATES

                                                                   MCX

GOLDM(oct)-           Negative(from 50800), stop for short positions 51400.

SILVERM(nov)-        Negative(from 66300), stop for short positions 65000.

CRUDEOIL(nov)-      Sideways.

                                CURRENCY UPDATE

USDINR(oct)-      Positive above 73.90. 

GBPINR(oct)-     Positive(96.40), stop for long positions 94.80.

EURINR(oct)-     Positive above 87.55.

JPYINR(oct)-      Positive(from 70.45), stop for long positions 69.60.

                                                                                                                             

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