- Yesterday was a blood bath in our markets. Nifty fell 500+ points and banknifty fell 1800 points. Again the vix is above 40. The entire globe was down. Not the effect of the virus is likely to be seen.
- Yesterday, Gilead CEO told that he is ready to donate the entire set of tablets for carona patients.
- Now slowly many countries are opening the economy. That can be seen in the oil price rising. India has stored 31 million tonne of oil in refinery.
- In India, the liquor stores were opened yesterday and that caused some happiness and chaos in the streets. Now this oil and crude oil prices, both are surging.
- Many brokerages now feel that the bad is there but the worst is over.
- Now SilverLake has invested 5000 cr into Rel-jio. The price which it paid was more than what facebook paid.
- Yesterday, Warren buffet told that he sold airline shares and does not see the future in them. So most of the airline stocks fell yesterday in the US markets.
- Theatres open in texas with 25% capacity.
MY TRADES
- My trade on put spread is going on well. I am planning to keep this for some more days so that VIX comes down and my profit improves.
- Yesterday I had some banknifty futures and was able to capture 100 points profit.
- Tomorrow is yes bank results. I am executing a strategy and will be doing a video on this. Please do watch.
INTERNATIONAL MARKET
- Yesterday, the US opened weakly but there was a minor gain in the last hour. The tech stocks rallied and that's why Nasdaq gained but dow was flat.
- European markets closed negatively.
- Today morning the Asia is in green and SGX suggest that we will have a gap up.
CRUDE AND $
- Crude is now trading at $28
- $ is at Rs 75.71
FII AND DII
- Yesterday both FII and DII sold in competition.
- Fii sold for 1373cr and DI sold for 1661cr. I expected DII to provide support but no, they added fuel to fire.
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