Trade setup for the day


  1. 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.
  2. 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.
  3. 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. 
  4. So I am not bothered much for this result. I think its priced in and we will move ahead.



MY TRADES

  1. Will execute butterfly's today on the weekly expiry as premiums will be good today.
  2. Yesterday I closed my position in my TCS future long and bajajfinserv future short, both in profit.
  3. 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
  1. 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%
  2. The European markets are however lower. 
  3. Today morning the Asian markets are in green. Japan markets are on holiday. HKG markets recovered from the morning and are in green.
  4. SGX suggests that we may have a gap up.
FII AND DII
  1. Yesterday the FII sold for 184cr and DII sold for 735cr
  2. The FII volumes are low compared to their regular selling.
  3. Today they may turn to be net buyers. Let's see
CRUDE AND $
  1. Crude is at $54.10. This is wonderful for India.
  2. $ is at Rs 71.30

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