- Reliance and Facebook have come out with a deal where you can order groceries in whatsapp via jio mart. From 3 days, reliance is closing in the green. It had gone to 900 few weeks back and is already at 1400+ in less than a month. It looks that it may close in green today as well.
- The carona cases are increasing but the economy is coming out of the loackdown phase.
- Boeing has started flight operations in many places.
- It looks like we may not extend the lockdown after may 3rd. But we may continue to have a lockdown in sensitive places.
- The US markets are now above the 100 DMA. The US markets closed in the green. This is the 4th consecutive session where the dow is closing in green.
- It looks like the Carona might take a back seat if cases don't raise significantly and we might not look forward to the US election.
- Crude is again below $20.
- Yesterday Indusind came out with results and profits were down to 77%. So there will be a gap down today(looks like).
- The new margin for options is now postponed to june. So traders will have to wait for one more month.
- VIX is within 40.
MY TRADES
- I am short with Reliance futures. Reliance might open in the green today also. Let's see, will close or add some hedges today. Day before yesterday there was a MTM of 1.5lak loss but now it is at a flat.
- Bajaj finance looks like it has bottomed out. I have averaged my old positions in equities. Now my average rate is Rs 2600. Let's see. I might be biased as I had old positions.
- I closed my equity positions in reddy labs yesterday. I had bought it at 2800 just 1 month back and yesterday I sold it at around 4000.
INTERNATIONAL MARKET
- US was up and closed in green for 4th session.
- Europe has also followed the US and they also closed in green.
- Today morning the Asia is slightly down but SGX is in positive. We may open in slight green and from there we will take on.
CRUDE AND $
- Crude is below $19.
- $ is at Rs 76.24
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