STRATEGY FOR 9th NOVEMBER 2020

                                                            EQUITY UPDATE

MARKET TREND -  NIFTY(SPOT) -  Positive(from 11620), stop for long positions 11700.
                         BANKNIFTY(SPOT) -Positive(from 23000), stop for long positions 24000.

         INSTITUTIONAL ACTIVITY-        Fii -   Net buyers - 4869 crores.

                                                               Dii -   Net sellers  - 2938 crores.

GLOBAL MARKETS-         US markets ended flat on friday.  

RESULTS TODAY-              Delta, Indiamart, Oil, Ptc. 

  

RESULTS TOMORROW-               Bata, Gail, Gillette, HIndalco, Idfc, M&m, Naukri, Ncc, Nmdc, 

                                                        Sintex, Tatapower.

           

                                                         TRADING IDEAS             

                                                        

  TREND-  in few major stocks.

HDFC-                Positive(from 2140), stop for long positions 1970.

   

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

HDFCBANK -     Positive(from 1160), stop for long positions 1195.

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

                                                                                   

                                         COMMODITY UPDATES

                                                                   MCX

GOLDM(dec)-          Positive(from 52300), stop for long positions 50000.

SILVERM(nov)-        Positive above 66300.

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

                                CURRENCY UPDATE

USDINR(nov)-     Sideways. 

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 70.90.

                                                                                                                             

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