My trades
- International markets are weakly placed. Time for some call spreads. Gradually we should also follow the world.
- Yes bank has again become weak. So I closed my cash position which I had. Did not make much profit in that trade. Closed almost at a breakeven point. Will buy if it comes below 135. Still carrying the hedged positions which are in profit. Will also close that in this week.
- It seems like 12000 is resistance for the short term. Let's see if the RBI policy gives a breakout.
International market
- US markets fell -1.5% on Friday as trade wars between the US and China escalate.
- Europe also fell around -1%.
- Today morning Asia is also in the negative territory. But, SGX indicates that we may open in green.
- Now the US has started trade wars with Mexico and India.
- The only good thing about crude is that it is falling and that is very good for India.
- OMC will perform well if this continues.
- $ is now at 69.67. The rupee is getting strong.
- On Friday FII bought for 676cr and DII bought for 394cr
- Both FII and DII are buying. But not in huge quantity.
- I will take more positions if 12,000 is crossed.
- Markets were volatile on Friday as the announcement of finance minister happened.
- India GDP growth at 5 year low. Even that added to the volatility.
- In the 2nd half, there was some mild recovery. So let's see if that continues.
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