- Today is Delhi results. AAP is set to form the govt again. In other words, BJP is set to lose another which is what the markets will look at.
- Now the Carona is escalating at a higher pace. Now the death toll has reached 1000(officially). More than 40,000 cases are reported in China.
- Since Delhi is the capital, today might be slightly volatile. But not many jitters will be there as it is a small state, unlike UP, Gujrat or Maharashtra.
- So I am not bothered much for this result. I think its priced in and we will move ahead.
MY TRADES
- Will execute butterfly's today on the weekly expiry as premiums will be good today.
- Yesterday I closed my position in my TCS future long and bajajfinserv future short, both in profit.
- I am closely keeping an eye on the 20 DMA. Sometimes I feel it is resistance and sometimes as support. I am still not getting confirmation about whether markets will fall or recover. Will wait before taking action.
INTERNATIONAL MARKET
- The US markets were in green yesterday. They seem to have forgotten the Carona. Nasdaq gained more than a per cent and Dow gained more than 0.5%
- The European markets are however lower.
- Today morning the Asian markets are in green. Japan markets are on holiday. HKG markets recovered from the morning and are in green.
- SGX suggests that we may have a gap up.
FII AND DII
- Yesterday the FII sold for 184cr and DII sold for 735cr
- The FII volumes are low compared to their regular selling.
- Today they may turn to be net buyers. Let's see
CRUDE AND $
- Crude is at $54.10. This is wonderful for India.
- $ is at Rs 71.30
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