STRATEGY FOR 4th NOVEMBER 2020

                                                       EQUITY UPDATE

MARKET TREND -  NIFTY(SPOT) -  Positive(from 11620), stop for long positions 11500.
                         BANKNIFTY(SPOT) -Positive(from 23000), stop for long positions 23600.

         INSTITUTIONAL ACTIVITY-        Fii -   Net buyers - 2274 crores.

                                                                  Dii -    Net sellers  - 1100 crores.

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

RESULTS TODAY-             Kec, Lupin, Pidilite, Srf, Sbin. 

  

RESULTS TOMORROW-        Abb, Adanipower, Adanitrans, Bergerpaint, Concor, Dalmiabharat, 

                                                 Emami, Godrejcp, Gujgas, Inox, Torrentpower, Trent. 

           

                                                         TRADING IDEAS             

                                                        

  TREND-  in few major stocks.

HDFC-                Positive above 2140.

   

MARUTI-            Positive(from 7230), stop for long positions 6800.
 

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

DABUR   -           Positive(from 533), stop for long positions 501.

                                                                                   

                                         COMMODITY UPDATES

                                                                   MCX

GOLDM(oct)-           Sideways.

SILVERM(nov)-        Negative(from 66300), stop for short positions 63500.

CRUDEOIL(nov)-     Negative(from 2720),stop for short positions 2950.

                                CURRENCY UPDATE

USDINR(nov)-     Positive(from 74.25), stop for long positions 73.80. 

GBPINR(nov)-     Positive(96.40,oct), stop for long positions 95.70.

EURINR(nov)-     Sideways.

JPYINR(nov)-      Positive(from 70.45,oct), 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