- This is a monthly expiry week. Expect a lot of volatility.
- Reliance has fallen around 10%. Its a big thing for an index heavyweight to fall 10%
- China has confirmed that its president will meet Trump at G20.
- Monsoon is bad as per skymet.
- Auto is in bad shape. Pharma is in bad shape.
- $ is not crossing 70 but IT major TCS at an all-time high.
- LIC sold 2% in axis bank. When LIC is selling, you can easily short.
MY TRADES
- Now I am slightly biased on the negative side. There seems to be a reverse cup and saucer pattern in the nifty charts.
- Since the budget is there in a few days, I am slightly scared to short heavily. So my volumes are low.
- I am short on axis futures as LIC has sold.
- I have executed a put spread in nifty and banknifty.
- I will add more to this after budget or will do counter trades accordingly.
CRUDE and $
- Crude is struggling to cross 65. So, we may see it consolidating around that region.
- $ is also not crossing 70.
INTERNATIONAL MARKET
- US markets closed in the red. Nasdaq closed with -0.32%
- Europe also closed in mild red.
- Today morning Asia is in red. SGX is in mild red.
Comments
Post a Comment