- Yesterday was a good day for us. It was purely driven by DII(Govt funded) and finally market closed in green.
- FII are still sellers in this market.
- Fed has cut the rate by 0.25% but has called this as a midcycle adjustment and not much rate cut will be there. Trump slammed Powell and told that he has let us down again.
- In the morning, the markets fell 60 odd points. Then probably the DII funds entered and the market closed in green. Banknifty gained 84.
- Yesterday nifty rebounded at 11000 and banknifty at 28500.
- Zee deal might play a crucial role in holding nifty today.
MY TRADES
- I have initiated a put spread on my account in nifty and banknifty. This is a riskier. So I wouldnt suggest beginers to go for this.
INTERNATIONAL MARKET
- Nasdaq and Dow closed in the red. Both lost around 1%.
- European markets were mixed. The FTSE closed in red but the DAX and CAC closed in green.
- Today morning, the Asian markets are flat. SGX is down by 40 points. Let's see if 11000 is taken out.
FII AND DII DATA
- Yesterday FII sold for 1497 cr and DII bought for 2479 cr. DII has decided that they are not going to allow the markets to fall.
- FII are selling and this is a big issue. How long can DII buy is the issue.
EXPIRY
- Today is weekly expiry and nifty may not close below 11000 and banknifty may be in the range 29000 to 28500
- Max pain is at 11100 in nifty and 28900 in banknifty.
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