Expiry day trade setup

  1. Yesterday could not write the blog as was busy with other personal things.
  2. Yesterday the market went up by 51 points. It went up by 80 points intraday.
  3. Banknifty is again above 31000. 
  4. The reverse cup and saucer did not play. It reversed from the baseline.
  5. Today is the monthly expiry day.
  6. Nifty may trade around 11800 - 11900.
  7. Max pain is at 11800 for nifty and 31000 for banknifty

My Trades
  1. I am not having many positions. I had a bearish view after last few days fall. But last 2 days move has made me change my view.
  2. Now all eyes are on G20 and budget.
  3. Will take aggressive positions after the budget.
  4. I am expecting some benefits for the auto sector. So keeping a close eye on heromoto, maruti, ceat etc
  5. Today is expiry day. Will be executing expiry day trades accordingly.
International market
  1. US markets were mixed. Nasdaq closed in green but dow closed in mild red.
  2. Europe also closed in flat territory.
  3. Today morning, asia is in green. SGX indicates a flat start.
Crude and $
  1. Crude is now above $66. 
  2. $ is now at 69.15
FII and DII data
  1. Yesterday FII bought for 106cr and DII sold for 51cr.
  2. Even with 80 point intraday move, this was the status of FII and DII.