STRATEGY FOR 18th JANUARY 2021

                                                          EQUITY UPDATE

MARKET TREND -  NIFTY(SPOT) -  Positive(from 11620), stop for long positions 13600.
                       BANKNIFTY(SPOT) -  Positive(from 23000), stop for long positions 29800.

         INSTITUTIONAL ACTIVITY-        Fii -   Net buyers - 971 crores.

                                                               Dii -   Net sellers  - 942 crores.

GLOBAL MARKETS-         US markets ended negative on friday. 

RESULTS TODAY  -      Indiamart, Irbinfra, Mindtree.

RESULTS TOMORROW-        Ceat, Icicigi, Lti, Tatametaliks.      

  

                                                                                                                                            

                                                         TRADING IDEAS

  TREND-  in few major stocks.

HDFC-                Positive(from 2330), stop for long positions 2550.

   

MARUTI-            Positive(from 8080), stop for long positions 7660.

HDFCBANK -    Positive(from 1470), stop for long positions 1390.

DABUR   -          Positive(from 535), stop for long positions 519.

                                                                                   

                                         COMMODITY UPDATES

                                                                   MCX

GOLDM(feb)-       Negative below 48400.

SILVERM(feb)-     Negative below 63200.

CRUDEOIL(jan)-     Positive(from 3100,dec), stop for long positions 3700.

                                CURRENCY UPDATE

USDINR(jan)-     Negative(from 73.60), stop for short positions 73.70.

GBPINR(jan)-    Sideways. 

EURINR(jan)-     Negative(from 89.35), stop for short positions 89.65.

JPYINR(jan)-     Negative(from 71.05), stop for short 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