- Yesterday, the entire world was in green. Nifty rises by 100 points and fell by 50 points and finally closed in flat.
- Banknifty rose by 300 points. Fell by 200 points and finally closed in the flat territory.
- Even after all these, VIX is still below 15. This surprised me.
- Today is weekly expiry for nifty and banknifty options.
- Met dept days that the monsoon is as expected and rains may happen as expected in July and August.
My Trades
- Made good profit in intraday trading. Had sold nifty and banknifty futures (around 30 lots each) in the morning when markets were high. The fall gave me super profits.
- Closed my entire yes bank trade in loss. There is no point in fighting with the market. Now I feel that I should have done this long back. That is ok. Sometimes you take the beating and you move on. Now, yes bank will start moving upside as I closed all my positions. That is how the market plays.
- Added some positions for today's weekly expiry.
International market
- The US fed reserve holds the rates. It says it may reduce rates in the future.
- The Nasdaq and Dow closed in green.
- Europe ended in the red.
- Today Asia is again in the green. SGX is also up by 40 points. Not sure if this will be carried or will it play like yesterday.
Crude and $
- The crude oil is slowly inching higher.
- $ is now at 69.68
- Nothing major event as of now which will make us keep an eye on these two.
FII and DII data
- Yesterday both FII and DII sold around 100 cr
- Even with so much volatility, nothing much has happened in the cash market.
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