- Yesterday the markets were very volatile. Nifty swung from red to green many times in the day.
- US fed is expected to cut rates tomorrow. That is the expectation.
- Trump tweeted that he and China's president would have an extended meeting at G20 next week.
- Trump told that he did have a phone call with the Xi and confirmed that.
- Now all eyes on the US fed and our budget.
My Trades
- Yesterday made some losses in the intraday trade. The loss was around 22,000. Was not able to manage so many intraday swings.
- Added more positions in the cash market and reduced the hedges in the yes bank trade. I don't think that yes bank will fall further from here.
International market
- Yesterday US markets closed in the green after trump and XI decided to meet.
- Europe also closed in dark green. They were up by around 2%
- Today morning, Nikkei, hangseng are all in green.
- SGX suggests that we may have 50-60 points up.
- Now it looks like the bears are going to be trapped.
Crude and $
- $ is now at 69.70.
- Crude has now crossed $62 per barrel. US weekly stocks and tension in west asia is making crude to rise.
- It is now getting momentum.
FII and DII data
- FII bought for 32cr and DII bought for 181 cr.
- So not much buying yesterday as the volatility suggested.
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