Trade setup for 13th may

  1. Today there is nothing to discuss other than the bazooka package which the PM gave. PM announced Rs 20 lak cr package for the economy which includes every sector, farmers, poor etc. 10 lak crore is already in so another 10 lak cr plan will be announced shortly by FM.
  2.  Today we have FM press conference in the 2nd half. 
  3. PM also emphasised on going local and being vocal about that. This added to the morale boost. This is a massive package. 
  4. SGX shot up to 9600 within a few minutes of the announcement. But today morning the global cues were bad and SGX has already lost around 200 points from its high. March IIP was worst and this was expected.
  5. I will not be sharing intraday trades in twitter, FB. I want that to be clean and not spam. So will be sharing in telegram channel which I have created yesterday. Please join if interested. 

  1. Yesterday I initially sold nifty fut and closed that in profit. Made a small loss in banknifty. Participated in the last hour nifty rally and made a good profit. I have updated my 
  2. Today I may not do any intraday trades as there will be a massive gap.

  1. The US markets were bad as Dow lost 400 points yesterday. Nasdaq also closed in the red after 6 days of the rally.
  2. Europe was mixed.FTSE was in green while others were in the red.
  3. Today morning Asia were in the red. Most of them have recovered. So it will be interesting to see how the markets shape after opening.  
  1. Crude is again below $30
  2. $ is trading at Rs 75.5
  1. Yesterday both FII and DII have sold. FII have sold 1662cr and DII have sold for 364cr.
  2. There will be massive short covering today if they reenter today.