Trade setup for 18th

  1. Nifty has started falling. So now all analysts feel that that it will go lower and lower. That's how these analysts play. 
  2. 12000 did play as a strong resistance. So some shorts at that level are playing well for me.
  3. Yesterday nifty fell 150 points and banknifty fell 340 points.
  4. The main dragger was Reliance.
  5. Yes bank closed in green. This is surprising.
  6. The US fed meet on Wednesday. So the effect on our markets will be on Thursday.
My trades
  1. The nifty has broken the 20DMA. So I expect some more downfall. Added more to the shorts which I had.
  2. I feel the nifty resistance will be around 11,650. I may do some bottom fishing at these levels.
International market
  1. Yesterday the US closed in green. Nasdaq made 0.5+%  gain. 
  2. Europe also closed in green.
  3. Today morning, Asia is mixed. Hangseng is in green and japan is in red.
  4. SGX suggests that we may open in a flat zone.
Crude and $
  1. Crude is again reaching $60. India's macro data will look good as long as crude is at these levels
  2. $ is now at 69.90. 
  3. US Fed and budget in july will provide the next triggers for the movement of these.
FII and DII data
  1. Yesterday FII sold 331 cr and DII bought for 1257 cr. 
  2. With FII selling so less, the markets fell 150 points.