STRATEGY FOR 24th MAY 2021
EQUITY UPDATE
MARKET TREND - NIFTY(SPOT) - Sideways.
BANKNIFTY(SPOT) - Sideways.
INSTITUTIONAL ACTIVITY- Fii - Net buyers - 510 crores.
Dii - Net buyers - 649 crores.
GLOBAL MARKETS- US markets ended mixed on Friday.
RESULTS TODAY - Grasim, Indiacement, Mgl, Ramcocement.
RESULTS TOMORROW - Alkem, Astrazeneca, Emami, Indoco remedies.
TRADING IDEAS
SHORT TERM- Rites- buy- 245, stop - 217, target- 285.
POSITIONAL - Tvsmotors - buy- 626, stop - 590, target - 675.
SHORT TERM - Sunpharma - buy - 710, stop - 630, target - 860.
TREND- in few major stocks
HDFC- Sideways.
MARUTI- Negative(from 6990), stop for long positions 6900.
HDFCBANK - Positive above 1505.
DABUR - Negative(from 530), stop for short positions 550.
COMMODITY UPDATES
MCX
GOLDM(jun)- Positive(from 46700), stop for long positions 47200.
SILVERM(jun)- Positive(from 69500), stop for long positions 69600.
CRUDEOIL(jun)- Sideways.
CURRENCY UPDATE
USDINR(may)- Negative(from 74.15), stop for short positions 73.40.
GBPINR(may)- Sideways.
EURINR(may)- Sideways.
JPYINR(may)- Negative(from 68.05), stop for short positions 67.80. 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 blo
USDINR(may)- Negative(from 74.15), stop for short positions 73.40.
GBPINR(may)- Sideways.
EURINR(may)- Sideways.
JPYINR(may)- Negative(from 68.05), stop for short positions 67.80.
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 blo
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