Expiry day trade setup


  1. One of the most volatile months has come to an end today. There were some bad trades and good trades. But overall it was a good month for me. 
  2. We have had 500 points rally in the month. from 11930 to 11450.
  3. Corona death hits 170. It looks like the death rate of this is slow as compared to other epidemics.
  4. Yesterday bajaj finance shot 5% due to result reaction. The result was very good. 
  5. Today we have the auto majors TAMO and bajaj auto coming out with results. Marico, colgate also coming out with its results.
  6. The US fed holds the rate steady.
  7. Safe havens like Gold is increasing as the virus fears increases.
  8. Today is expiry and you can expect all kind of plays today.


MY TRADES

  1. I had sold 3900pe last week and that is in super profit. Will be closing that today to release margins as it is in wonderful profit.
  2. Yesterday I have executed huge quantities in butterfly strategy in both nifty and banknifty. Will manage that today.
  3. I had plans to buy bajaj finance if Corona had escalated. But that might not happen now. I missed that again.
  4. Planing to buy some quality midcaps to my investment kitty after the budget. My eyes are on marico, sterlite technology, Tech mahindra. Will add more gradually.
INTERNATIONAL MARKETS
  1. The US markets were flat yesterday. 
  2. European markets were also steady. 
  3. Today morning the Asian markets are bad. Nikkei, hangseng are all down more than a per cent.
  4. Now SGX is suggesting that we may have a bad opening. It is currently down by 22 points.
FII AND DII DATA
  1. Yesterday the FII sold 1000cr and DII bought for 1500cr
  2. This is obvious as DII will not allow markets to fall during the budget time.
CRUDE AND $
  1. Crude is now at $59.56. This is good for us as long as it is below $60
  2. $ is at Rs 71.40
EXPIRY SETUP
  1. Nifty has the highest OI at 12200ce and 12000pe
  2. Banknifty has highest OI at 31500ce and 30500pe
  3. Nifty has a max pain at 12150
  4. Banknifty has a max pain at 31000
  5. Nifty may be in the range of 12200 to 12050
  6. Banknifty may be in the range of 30500 to 31200

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