Trade setup for the day


  1. Yesterday the markets were in green and were looking to be trending. Then suddenly it started falling at 2:40 pm. The market finally closed on a flat note
  2. Tomorrow we have the budget. We have had a pretty good prebudget rally this week.
  3. The monthly auto numbers seem to be weak.
  4. I am designed a system which can be used for intraday trading. Doing back tests on that and making sure that it is reliable. I am planning to start with a small amount using that system before deploying huge amounts.
MY TRADES
  1. I had 12000 straddles in July, August, December series. These are in good profit.
  2. Will buy protection on the lower side in weekly expiry for all these as we have an event tomorrow.
INTERNATIONAL MARKETS
  1. Yesterday the US markets closed in green. Nasdaq was up by 61 points and Dow closed with a gain of 179%
  2. The European markets also closed in the green. Most of the indices were up by more than 0.5%.
  3. Today morning the Asian markets are in mild green. SGX suggests that we may open in a flat zone.
CRUDE and $
  1. $ is at 68.91.
  2. Crude is at $63.57. It is consolidating around this area now. 
FII and DII data
  1. Yesterday FII sold for 390cr and DII bought for 287cr
  2. FII is on the selling side even when we have a big event. So, do they know something which we do not know??

EXPIRY DAY
  1. Today is expiry day for weekly options.
  2. Nifty has the highest OI at 12000 on the upper side and 11800 on the lower side.
  3. The trend is slightly negative to flat.
  4. The banknifty has highest OI at 31500 and 31200 on the lower side.
  5. The max pain for nifty is at 11900 and 31400 for banknifty

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