Trade setup for the day

Yesterday was another good workshop in Bangalore. Had a good time with an energetic crowd. The best part of conducting workshop is that you learn many things and it refreshes your knowledge which you would have forgotten.

Coming to markets, this is the earning season and we had good results from Reliance and HCL tech. TCS results were slightly down. The HDFC bank results were slightly neutral. Today lets see how Monday treats us. This week is very important because we have the budget expectation coming and we may have a budget rally. Also, we have a lot of companies coming with results this week.

China GDP numbers were slightly down but it was better than what the street expected. So that is not considered as bad news
Banknifty is below 20 DMA and 50 DMA. Is this the time for midcaps?? The midcap index seems to be rallying. Most of the mutual funds which have exposure to midcaps have not performed in the last few years. This might be the time for one to enter. I prefer midcap mutual funds because I am not good at identifying good midcap stock, rather I would say that I am not confident. I am planning to invest in midcap funds after the budget. 


  1. Trump seems to have somewhat cooled the war threat with Iran. So nothing much happening there. This year is an election year and he will not take the risk of war.
  2. The US markets closed in the green on Friday. The markets gained and closed with a gain of 0.3% in Nasdaq and 0.2% in Dow.
  3. European markets have shot up on Friday. The grew by around a per cent.
  4. Today morning the Asian markets is flat to positive.
  5. SGX is up by 15 points. We may have a flat start.
  1. Crude is trading at $65.57
  2. $ is at Rs 71.08
  1. On Friday, FII bought for 265cr and DII sold for 500cr