STRATEGY FOR 6th JANUARY 2021

                                                     EQUITY UPDATE

MARKET TREND -  NIFTY(SPOT) -  Positive(from 11620), stop for long positions 13300.
                         BANKNIFTY(SPOT) - Positive(from 23000), stop for long positions 29300.

         INSTITUTIONAL ACTIVITY-        Fii -   Net buyers - 986 crores.

                                                               Dii -   Net sellers  - 490 crores.

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

                                                                                                                                            

                                                         TRADING IDEAS

  TREND-  in few major stocks.

HDFC-                Positive(from 2330), stop for long positions 2470.

   

MARUTI-            Positive above 7770.

HDFCBANK -     Positive above 1451.

DABUR   -           Positive(from 535), stop for long positions 512.

                                                                                   

                                         COMMODITY UPDATES

                                                                   MCX

GOLDM(feb)-       Positive(from 50500), stop for long positions 49400.

SILVERM(feb)-     Positive(from 65000), stop for long positions 65100.

CRUDEOIL(jan)-   Positive(from 3100,dec), stop for long positions 3330.

                                CURRENCY UPDATE

USDINR(jan)-     Negative(from 73.60), stop for short positions 73.90.

GBPINR(jan)-     Positive above 100.40.

EURINR(jan)-     Sideways.

JPYINR(jan)-     Negative(from 71.05), stop for short positions 71.45.

                                                                                                                 

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