- Yes bank interim MD quits. So this might be in pressure. I have some cash holding. Will add some strategies around this so that I am protected on the downside.
- Trump has now threatened to add more tariff on China if Xi doesn't attend G20.
- Trump is also now behind the US fed as he is not happy with the rates.
My trades
- I didn't do any trade yesterday. I was just monitoring my positions as some moved from red to green and some moved from green to red.
- Budget in July may trigger the next move. So short straddle for June can be the safe play as of now.
- The stocks which I am tracking is ICICI bank, bajaj finance for going long and auto stocks to go short. Waiting for more confirmation.
International market
- Yesterday the US closed in the green as Nasdaq gained more than a per cent
- Europe also closed in the green as they gained around 0.5 - 0.7%
- Today Asian markets were in red in the morning but now all are reversed and all are in the green.
- SGX indicates that we may open in green. I am bullish for the long term but I feel that we may consolidate for June and July(at least till budget).
- Dow has risen for 6 consecutive days.
Crude and $
- Crude is now recovering from its lows. Now Brent crude is around $62.5.
- $ is at 69.65. Trump handling the trade wars situation carefully. So not major fluctuation will be seen in crude and $ in the near term.
FII and DII data
- Yesterday FII bought for 216cr and DII bought for 170cr.
- Both FII and DII are neutral now. Not much activity having as of now.
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