Trade setup for the day

Yesterday was mostly a consolidated day. Initially at open market opened in green and immediately selling came and nifty fell 100 points from the high. But the short-covering rally did come the market did rally again. Nifty bank also closed in the green. FM is not sure of giving more measures to the auto industry.
Tomorrow is the monthly expiry.
The GST collection has reduced and govt is expecting this reduction for next month as well.
Gold is skyrocketing. All thanks to trade wars.

MY TRADES

  1. Most of my august positions are in good profit. But August series was not that good for me. I did lose some money due to wrong positioning and my cash portfolio is still in bad shape. But that is OK. I can manage that.
  2. I am buying hdfcbank futures and will convert that into the covered call.
  3. I believe that still, the slowdown is still eminent. So for the September series, I am buying puts in nifty and banknifty. My view will change if nifty crosses 11300. 
  4. Covered call in my cash portfolio will anyways be done.
INTERNATIONAL MARKET
  1. Yesterday the US markets closed in the red. No tweet from Trump came. So the US markets were calm and not overreacting.
  2. The European market closed in the green.
  3. Today morning, the asian markets are in flat territory. SGX suggests that we may open in the flat zone
DII AND FII DATA
  1. All these days we were thinking that FPI surcharge was the reason for FII to sell. Now it is clear that irrespective of that also they would have sold. FPI surcharge just gave a strong reason to sell more.
  2. Yesterday FII sold for 923 cr and DII bought for 1162 cr.
  3. I will not turn bullish unless the FII selling stops.
CRUDE AND $
  1. Crude is now trading at $59.86 per barrel 
  2. $ is now at Rs 71.48
10900 and 11200 has highest OI for tomorrow expiry. 

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