- Yesterday markets were in negative initially but later closed in 44 points green.
- The bank nifty although closed in mild red.
- Nifty has now broken out of the range. Can we see 12000 breaking before budget??
MY TRADES
- Now aviation stocks are in focus as govt begins to privatize 6 airports owned by airport authority of India.
- I had bought small quantities of jet airways a few days back. I strongly feel that govt won't allow the jet to take the kingfisher route. Let's see if I have bought a lottery ticket or junk.
- No major trade in FNO yesterday. I am designing an algorithm for intraday trades. Doing some backtests accordingly. Will start trading in the live market once the consistency is built in the paper trade.
- The US markets closed in green and gained 0.22%
- The US yield has gone down. This means that it is good for our financials.
- The European markets also closed in the mild green except FTSE which gained about a per cent
- Today morning, the Asian markets are in red. SGX indicates that we may open in flat.
- We have our own domestic news. So we may not follow international cues for some time.
CRUDE and $
- Crude fell 4% last night and is now back within $63. This is a piece of very good news for the Indian economy.
- This happened when OPEC has decided to cut supplies.
- $ is now within 69. This is also a good sign of Indian economy growing.
FII and DII DATA
- Yesterday FII sold for 512 cr and DII bought for 141cr in the cash market.
- Even after moving higher from opening low, FII has ended selling. This is not a good sign
Comments
Post a Comment