My Trades
- I had sold nifty futures. Sitting with a wonderful profit. Yesterday morning as markets started to slide, I added more to the nifty shorts.
- Will cover profit in some today and will roll over some.
- But my cash holdings is a slight negative. But that is OK. That is the power of a hedge. In my case, it is the hedge that always gives me more profit than the actual trade.
- Yesterday Nasdaq closed in red and lost -0.79%. European markets also closed in deep red. The lost almost -1%.
- Today Asia is also in red. SGX also indicates that we will open in the red.
- Crude is falling which is good for India.
- USD is now close to 70 mark.
- The trade wars tensions between US and China is escalating and the world market is feeling the pinch.
- Yesterday FII sold for 304 cr and DII sold 189 cr. It is slightly dangerous when both institutions turn sellers.
- Today is Narendra Modi's oath ceremony day.
- Today is also the monthly expiry.
- This was a critical month where we had many events, earnings etc. Still, the Nifty has moved just 150 points after all the drama.
- Today I don't expect major movement. Nifty will be in the range of 11,700 to 12,000 and banknifty will be in the range of 31,000 to 31,500.
- Today India GDP growth rate. It is expected to be at 6.1%. But this will come after market hours. So this will not be a problem.
Comments
Post a Comment