Trade setup for 18th November

So now it looks like 12000 will not be broken that easily. Nifty has challenged 12000 may time but it's finding it difficult to break that decisively. On Friday, the last half hour fall indicates that there might be some consolidation. This consolidation is expected as nifty has moved rapidly from 11100 to 11900. In fact, consolidation is good for the bull market. I will be happy if the consolidation lasts a long time. That will give me a conviction that the bull run is intact and after that breaking 12000 will definitely take it to 13000


  1. I had some weekly positions which I had taken on Friday. The last hour fall forced me to close some in a minor loss.
  2. Will add more to my 12000 short straddles and 11500 short straddles for December month.
  3. Planning to sell nifty futures and buy a lot of puts.
  1. The US markets closed in the green. The Nasdaq closed 0.73% higher.
  2. European markets also closed in the green.
  3. Today morning the Asian markets are subdued. SGX suggests that we may open in a flat zone.
  1. $ is at 71.78
  2. Crude is at 63.30
  1. FII have sold for 1008 cr and DII have bought for 537cr
  2. We need to see how FII will participate in the this week. I think that will decide the next movement.