Trade setup for 27th November

Yesterday was another volatile day. In the morning, nifty and banknifty made all-time high. Then at 2 PM market fell and nifty went to red. Banknifty fell 300 points. At 2:30pm there was an immediate reversal and banknifty recovered the entire fall in half an hour and banknifty closed almost at the day's high. Nifty futures is at a huge premium and banknifty futures is at a discount. We have 2 more days for this expiry. What is the market expecting?? Now Maharashtra tussle is also over. 12000 is the start of the bull market. I am bullish for long term.

MY TRADES

  1. I am really confused now. I don't know why market rallied for the last 2 days and why there was a fall. So I am staying away with less positions now. 
  2. I closed some of the position which I had in a minor loss. I would be in profit if I had it in the 2nd half. But that is what I did not anticipate. 
  3. Today I will take some butterfly in nifty and banknifty.
INTERNATIONAL MARKET
  1. The US markets closed in flat to positive. 
  2. European markets also closed in the flat zone.
  3. Today morning the Asian markets are also in the flat territory. SGX suggests that we may open in flat. 
CRUDE AND $
  1. $ is now at 71.48
  2. Crude is now at 64. 
FII AND DII DATA
  1. Yesterday was a wonderful day for FII buying. FII bought for 4677cr and DII sold for 4242cr
  2. FII entered with the bang.

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