- Yesterday was a drastic fall.
- RBI monetary policy did add fuel to the fire.
- RBI cut the rate by 25bps and in the second half markets tumbled.
- Banknifty fell 700 points and nifty back below 12000
- I anticipated that 12000 was a strong resistance zone. So I was not in a hurry to enter trades when it crossed 12000. I had thought of going longs if 12000 was maintained after RBI policy.
- Yes bank, indusind bank are in pressure due to the DHFL exposure.
- Trump says he is planning a tariff of 325 billion dollars on China after G20 meet.
- Auto sector is in bad shape as BS 6 will be mandated from April 2020. So I will better stay away from these stocks.
My trades
- Yesterday I made 40 thousand profit in expiry trading.
- I had yes bank and reliance in the cash market which is in deep loss now. But that is ok. The puts which I bought is doing well. But the overall trade is still in a loss. Will exit if this downfall continues.
- The nifty spreads which I had is performing well. Planning to add more legs to this trade to make the base strong.
- Again US closed in green. Nasdaq was up by +0.53%.
- Europe was mixed. FTSE closed in green but CAC and DAX closed in the red.
- Today morning Asia in green except China. SGX indicates that the start could be mildly negative.
- After falling for many days, OIL is now recovering.
- $ is now at 69.26.
- FII have sold 1448 cr and DII sold 650cr.
- Now FII and DII have started selling which suggests that the downfall is not over yet. But these things may reverse overnight.
Comments
Post a Comment