Daily trade setup for 15th may 2019

  1. Yesterday nifty finally closed in the green after 9 days of continuous fall.
  2. The upmove was not very convincing. The nifty fell close to 100 points in the last hour. 
  3. FII sold 2011 cr and DII bought for 2242 cr. FII's are still in the selling mood. This is a little worrying news. But the net institution number is on the buying side.
  4. US closes in green as Trump says that the deal with China may be a possibility very soon.
  5. European markets also closed in green.
  6. Today Asia is flat with Hang Sang in green. SGX suggests that we may open flat. Nikkei which was red is now trading in green.
  7. VIX is at 27. I am expecting it to touch 30 by may 23.
  8. We have simultaneous uncertainty. One is the trade wars and the other one is the election.
  9.  I had bought large quantities of reliance. To hedge, I had sold calls and had also bought puts. The overall trade is now in the green now. 
  10. Also bought nifty calls. Will convert it to spreads if nifty continuous to fall.
  11. After yesterday's move, now I got some breathing space as some things worked for me. 
  12. Jubilant food, Lupin will be coming out with results.
  13. I am planning to do a put spread for tomorrow expiry. Will be doing it in the phased manner for the entire day.