I did not expect this rally in this month. I even thought 12000 would not be broken this week. But I was totally proved wrong by the market. Not only nifty crosses 12000 but also now attempting to make all time high. I will not be chasing the momentum. I will wait for some time now. I need some time to analyze what has triggered the market to go this way. Now 12000 which was resistance is now the support.
MY TRADES
- I had to close some of the positions in a loss. I also did huge adjustments to the counters which were in danger. Now most of them are in a good state. I will not fight further. It's better to surrender.
- The good thing is that my underlying stocks which I have gained but that gain is small compared to the positions I am carrying in FnO
- I have bought nifty futures, banknifty futures, bought calls.
INTERNATIONAL MARKET
- China and US spoke to ease the trade deals and that helped in the gain of the US markets.
- Nasdaq gained more than 1% and DJI gained around 0.6%
- European markets also gained and the topline indices gained more than 0.5%
- Today morning the Asian markets also gained. But nikkei and hang seng are off the highs.
- SGX suggests that we may have a record opening.
- We may open at all-time high.
FII AND DII
- FII's are on a buying spree. FII bought for around 960cr and DII sold for 213cr.
$ AND CRUDE
- $ is now at 71.72
- Crude is now at 63.71
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