Trade setup for november 25

This weekend we had a lot of sudden news. First is obviously the Maharashtra election which took a complete twist on Saturday. Morning all were suggesting that Shiv sena would form the govt but BJP gave a twist by forming the govt by taking the support of Ajit Pawar.
The second news is that SEBI has banned Karvy broking due to the scam they are involved in. So always I suggest to be with a national broker with a good NBFC backing.


  1. I am slightly bearish now as we have tried to break 12000 many times and have failed. I feel that slowly bears will take over the market. I am not expecting huge bearishness. It's more of a consolidation and a mild correction. This correction will be a sign of a another bull run. So I am expecting nifty to fall another 100- 150 points.
  2. For the December month, I have executed call spreads. 
    1. Buy 12000ce x 1
    2. Sell 12400 x 4
    3. Sell 12500 x 4
  3. I also executed 11800 straddles for the month of December
    1. Sell 11800ce x 5
    2. Sell 11800pe x 5
  4. I have sold nifty future. To hedge that I have bought 11900 ce and sold 11700 pe
  5. I am short on banknifty futures. I am expecting it to come back to 20 DMA
  1. On Friday, the US markets closed in the green and gained around 0.25%
  2. European markets also closed in the green and the major indices gained around 0.2%
  3. Today morning the Asian markets are in green and SGX suggests that we may open in the mild green.
  1. FII's have bought 305cr on Friday and DII sold 177cr 
  2. FII's are steadily adding for every dip. Let's see how they play in the expiry week.
  1. Crude is at 63.46
  2. $ is trading at 71.71