Trade setup for 14th Nov

Yesterday was a good day for me. Most of my positions were on the downside and I am currently in good profit. Even the PAPER trades which I took were also on the sell-side and even they were closed in profit(on paper). Yesterday the nifty fell 75 points and the major culprit banknifty fell 575 points. HDFC bank, ICICI, PSU all started falling after the IIP data did not impress them. Nowadays SBI is acting like a midcap.
Some days back I told that 12000 was hit 3 times and came down. So 12000 was a very strong resistance.

MY TRADES

  1. Yesterday I shorted huge quantities of nifty and banknifty futures in mine and my client's account.
  2. Sometime back I had sold m&m and vedanta futures. I had hedged them in the options market. Yesterday I closed them in good profit as we have Vedanta results today. I prefer to stay away as it may be volatile.
  3. I have executed some butterfly yesterday in the 2nd half when banknifty fell badly. I think I will be in good profit today.
INTERNATIONAL MARKET
  1. FED chairman told that the further change in interest rate may not happen.
  2. Japan's GDP data is as per expectation.
  3. DJI made a life time high yesterday.
  4. NASDAQ and DJI closed in flat.
  5. European markets closed in mild negative.
  6. The Asian markets are flat to positive. SGX suggests that we will open in mild green.
CRUDE AND $
  1. $ is now at 72.09
  2. Crude is 62.66
  3. This is the main reason why I shorted heavily yesterday. How can you expect the financial market to perform when crude and $ is not in the favour.
FII AND DII DATA
  1. Now, this is surprising. Yesterday FII bought for 584 cr and DII sold for 890cr
EXPIRY TRADE
  1. I may not be able to trade today as some issue with the broker and the terminal.
  2. Hope it resolves in the first half.
  3. Nifty has the highest OI at 12000 ce and 11800 pe
  4. Banknifty has highest OI at 31000ce and 30000pe
  5. After yesterday's fall, nifty can range from 11800-11900 and banknifty may range from 30500 to 30800
  6. Max pain of nifty is at 11850 and that of banknifty is at 30700 

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