We are opening after a long weekend. We had a fantastic muhrat trading where nifty gained 43 points and banknifty gained 120 points. The man of the match was tata motors which ran 17%. Nasdaq at a kissing distance from its all-time high. We are in a wonderful bull market
MY TRADES
MY TRADES
- On muhrat trading day, I sold 1 lot of ITC, M&M and VEDL.
- I am not bearish. Since markets have rallied a lot from few days, I am just expecting some consolidation. I just want to get some in this consolidation phase.
- But it looks like my trades wont be in my favour. M&M has told that they have sold 13000 unit in the dhanteras. So M&M may not fall. Lets see. I will hedge that in options today.
- I will sell ATM puts agressively and buy some calls in small quantities
INTERNATIONAL MARKET
- Yesterday the US market rallied on some positives on trade news. Nasdaq gained 1%.
- European markets also ended in the green. The EU has agreed for the brexit deadline till october 31.
- Today morning the asian markets are flat. SGX shows that we will open in green as we had a holiday today.
FII AND DII DATA
- On Muhrat trading, FII bought for 6cr and DII bought for 54cr
- The FII buying has not improved. But that will improve as positive news come.
CRUDE AND $
- The crude is at 61.56
- $ is now at Rs 71
As of now, there is no bad news in place. We should break 12000 if this continues by this December.
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