- Yesterday was a wonderful trending day.
- Nifty opened in green and was trending higher. It closed by gaining 74 points.
- Banknifty was somewhat weak. It closed by gaining 124 points.
- Reliance, tata motors, yes bank contributed to the movement.
- The revenue secretary justifies the surcharge on the FPI.
MY TRADES
- I had bought 10lots of reliance yesterday in the morning. I had a wonderful profit in the evening. So closed 5 lots and carrying 5 lots for expiry.
- Today is yes bank results. So I executed a short straddle in that. I also see that the IVR and IVP are highest. So I expect the premiums to die after the results. Also, I have bought puts to protect the lower side.
INTERNATIONAL MARKET
- Yesterday Nasdaq closed in red and lost 0.43% and dow was almost flat.
- The European market closed in green and most of the leading indices gained around 0.5%
- Today morning the asian markets are in red.
CRUDE and $
- Crude is now at 64.56. Yesterday it fell close to 3%. This is a piece of very good news for India.
- The prices of metals are increasing in the international market. This is also good for nifty as we have many metal stocks like hindalco, tatasteel, vedanta
- $ is now at 68.71.
FII AND DII
- Yesterday again the FII sold 445 cr and DII bought for 637 cr
- This is the only thing which is stopping me from going long aggressively.
- FII has sold around 4250 cr in the last 11 sessions.
RESULTS
- Today we have wipro and yes bank results which are coming.
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