- Happy new year to all traders. I was not there in town so could not update the blog for the last 2 days and sorry for the belated wishes.
- Coming to markets, now the markets seem to be cooling off. From buy on dips, it is now turning to be a rise on a rally. Still, we have not got the confirmation that the trend has reversed.
- This is the new year weak and it is usually low in volumes. So we need to wait for some more time.
- The GST collection is again above 1lk cr for 2 consecutive months.
- The Auto sales for December is above estimation for all autos, especially for Maruti and m&m.
MY TRADES
- I was away from markets. I was just watching markets in mobile. So no fresh trades were added.
- On Friday, I have started my intraday trading with my account. Let's see how it goes. I have refined the indicators and have backtested. I hope it works.
- IRCTC is one of the PSU which I am eyeing to buy to my portfolio.
- Most of the markets were closed yesterday as it was new year.
- Day before Yesterday the US market closed in green. It gained around 0.3%. Trump has told that he will be signing 2nd phase of trade talks with China in Beijing.
- European markets closed in the red.
- Today morning the Asian markets are in green.SGX suggests that we will open in green.
CRUDE AND $
- $ is now at 71.22. The movement of $ will determine the market direction.
- Brent is now trading at $66.28
FII AND DII DATA
- FII and DII are still in hangover. The volumes are low. We need to wait for some more days for them to actively participate.
- Yesterday FII sold for 58 cr and DII bought for 208cr
EXPIRY SETUP
- Today is weekly expiry for nifty and banknifty
- Nifty has a highest OI at 12300ce and 12100pe
- Banknifty has highest OI at 32500ce and 32000pe.
- Nifty maxpain is at 12200 and banknifty maxpain is at 32200.
- Nifty might range from 12250 to 12100 and banknifty might range from 32500 to 32000.
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