Trade setup for the day


  1. Yesterday was one of the worst day. 
  2. Nifty fell more than 200 points and banknifty closed by losing 800 points. Nifty closed below 12000.
  3.  All because of the war fears. Till now we had trade war fears and now we have war fears. But looks like Trump was just joking as Nasdaq gained yesterday. 
  4. It looks like the war may not escalate. We can see a U-turn recovery if things settle down soon.
  5.  The surprising thing is that FII did not sell yesterday. 
  6. Autos, Banks, metals all lost badly yesterday.
MY TRADES
  1. Today I will be going long in nifty futures, banknifty futures if there is follow-through. 
  2. I will also be buying some quality shares which is not oil-dependent like paints. So I am planning to buy banks, NBFC's.
  3. In the weekly expiry, I will execute butterfly's today
    1. +1 x nifty 12000ce
    2. +1 x nifty 12000pe
    3. -5 x nifty 12100ce
    4. -5 x nifty 11900pe
    5. +4 x nifty 12200ce
    6. +4x nifty 11800pe
  4. The similar trade-in banknifty as well.
INTERNATIONAL MARKET
  1. The geopolitical issue may not have scared the market. Nasdaq seems to have forgotten that. The US market gained 0.6%
  2. European markets closed in the red. The major indices lost more than 0.5%
  3. Today morning the Asian markets are in full zoom. All markets are up by more than 0.5%
  4. SGX suggests that we may have a gap up. 
CRUDE AND $
  1. Crude is now at $67.97
  2. $ is now at Rs 71.93
FII AND DII data
  1. This was very much surprising for me. FII did not sell yesterday. Only 100 cr was sold by FII on such a volatile day.
  2. FII sold for 100cr and DII sold only 23cr.



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