- Yesterday was a good expiry day. Was able to make 80 thousand plus in intraday.
- Yesterday nifty and banknifty opened weakly. Later indiabull hsg finance came with the news and then banknifty rallied and closed in green.
- Yes bank fell 13% due to the downgrade by many organization and the resignation of one of the board member.
- Indusind bank fell 5% due to their exposure to the NBFC's
- Closed some of my yes bank cash position in loss. Thank god that this fall didn't come yesterday. I would be in great loss if this would have happened yesterday.
- I got some time and room yesterday to make some hedges. I had bought a few lots of puts yesterday which gave a good profit. But still, the overall yes bank trade is in the loss.
- Will exit if this continues. Sometimes it is better to exit in loss and move on rather than hanging around beaten down stocks.
International market
- Yesterday the US market closed in the green and gained +0.57%
- Europe also closed in the mild green.
- Today morning Asia is mixed and most are in flat to negative.
- SGX suggests that we may open in mild red.
- As expected, 12000 is tough resistance. The more we stay within 12000, the better will me the rally once the breakout happens. I am personally expecting nifty to stay within 12000 for this month. I may be proved wrong.
- Now crude is rising as some oil tankers were shot in Oman sea.
- The US blames Iran for this.
- Need to see if this escalates. Oil is in the bear territory. The entire gulf which is dependent on oil will be in trouble if this continues.
- So war will make sure that the oil price increases. So they will take sides in war-prone countries like India-Pak etc.
- There is more downfall in crude if this doesn't escalate.
- Crude is now at $61.
- Yesteraday FII bought for 172cr and DII sold for 444 cr.
- Not much buying and selling happening at the FII side.
- Maybe they are waiting for the budget data.
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