![]() |
Add caption |
- Friday was another good day for the markets as we gained 50 points in nifty but banknifty was a little laggard. Banknifty lost around 130 points. Reliance was the major contributor for the nifty. Now Saudis are interested in jio. I somewhat feel that Reliance has overrun in the short term. We have seen a V shape recovery from its lows. I have done a trade in Reliance.
- There might be some stimulus from govt. If that happens then we can expect 10k.
- Now the cases of Carona in India is close to 67,000. May and June will be the critical month as people seem to be forgetting the social distancing.
- Today ICICI bank will be in focus as they came with their result over the weekend.
- 19th will be the bajaj finance result. I am planning to do an earning trade for this in youtube.
- The office spaces continue to weaken across the globe.
- The aviation sector is also in bad shape.
- Shanghai Disneyland opens up for the public.
- Slowly we may forget carona and the US election will be in focus.
- I will be doing intraday trades in banknifty and nifty and will be documenting them here https://www.niftynayak.com/2020/05/intraday-trades.html
MY TRADES
- Last week reliance has gone up a lot due to Facebook, Vista buying stake in Jio. I have executed a call spread. 1600 is resistance both technically and OI also suggests that. So I executed a call ratio spread
- 1620ce X 1
- 1700ce X 3
- Executed some strangles for the weekly expiry.
- The Bajaj Finance strategy which was done some days back is close to 2% profit.
- Will be coming up with an earning strategy for bajajfinance.
- Now all markets are optimistic about the economy getting opened.
- The US markets gained more than 1.5%
- Europe also gained more than 1%
- Today the Asian markets are also in green. SGX says that we may have a gap up of 100 points.
FII AND DII DATA
- FII have bought for 1700cr and DII have sold for 1500cr. This is wonderful data.
- We can go to 10,000 if this continues and we do not get any more surprises.
CRUDE AND $
- $ is at Rs 75.54
- Crude is at $30.45 which is good for India and the consumptions across the world.
Comments
Post a Comment