STRATEGY FOR 6th NOVEMBER 2020

                                                               EQUITY UPDATE

MARKET TREND -  NIFTY(SPOT) -  Positive(from 11620), stop for long positions 11600.
                         BANKNIFTY(SPOT) -Positive(from 23000), stop for long positions 23900.

         INSTITUTIONAL ACTIVITY-        Fii -   Net buyers - 5368 crores.

                                                               Dii -   Net sellers  - 2208 crores.

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

RESULTS TODAY-              Alkem, Ashokley, Balkrisind, Beml, Bel, Bhel, Bosch, Cesc, Cipla, 

                                                 Creditaccess, Lalpath, Glenmark, Indiacem, Itc, Manappuram, Mrf, 

                                                 Rec, Sail, Tataconsum, Ubl, Vedl, Voltas.

  

RESULTS TOMORROW-        Divislab, Ipca, Sobha. 

           

                                                         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 1180.

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

                                                                                   

                                         COMMODITY UPDATES

                                                                   MCX

GOLDM(dec)-          Positive above 52300.

SILVERM(nov)-       Sideways.

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

                                CURRENCY UPDATE

USDINR(nov)-     Positive(from 74.25), stop for long positions 74. 

GBPINR(nov)-     Positive(96.40,oct), stop for long positions 95.80.

EURINR(nov)-     Positive(from 87.65), stop for long positions 86.70.

JPYINR(nov)-      Positive(from 70.45,oct), stop for long positions 70.75.

                                                                                                                             

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