- Now the bad news is gripping the market. The Carona is back. The cases in India is increasing at a very high rate. We are in 4th place in the world for now. Now there is a rumour that there will be a second lockdown in the country. The US is also thinking of another lockdown. There are record surge in cases of carona in both India and the US.
- Now China holds Indian products at its ports. This is retaliation for what we did.
- Coming to markets, it looks like we are going to break the upmove for some time now. Dont expect 7500 again. That might not happen. As we have rallied a lot in a short time, I am expecting this expiry to be on the downside, though not by much.
- Now the petrol and diesel prices are increased everyday. Now both are almost same.
- The funny part is Pakistan increased the price by Rs 25 in one shot which has triggered anger among the people there. :)
- ITC came with results and the results were as expected. It has declared a dividend of Rs 10.
MY TRADES
- I have executed the below strategy for the December series
- +2 X nifty 10000ce
- -1 X nifty 9500ce
- -3 X nifty 8500pe
- -3 X nifty 10500pe
- I have executed the below strategy in weekly and monthly expiry
- -1 X nifty 10400ce
- +1 X nifty 10600ce
- On Friday, I traded on nifty futures and was able to catch the trend and ended the day with a profit of Rs 4500
INTERNATIONAL MARKET
- The US markets are down by more than 2% on Friday. The Carona fears have gripped the markets there as well.
- Europe also closed in the red.
- The Asian markets are in red today. SGX shows that we will have a gap down.
FII and DII
- FII have bought for 753cr and DII have sold for 1304 cr
- I dont think FII will enter during uncertain times. So this can be a good indicator to see if the markets have turned.
CRUDE AND $
- Crude is now falling again as there is a fear that the consumption may fall due to the virus. Crude is now at $40. I will consider $37 as the level. Below that will show that there is some problem.
- $ is at 75.64
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