Expiry Trade setup for 7th July

  1. Finally, markets have given up and fallen after a massive run for 4 consecutive days. Nifty gave up 90 points. It lost 100 points in the last hour. Banknifty lost 400 points in the last hour and closed in the flat zone. I was expecting a fall after such a rally. I thought that the fall would come today or on Monday. But it came yesterday only. 
  2. I had executed huge call spreads. I had shared these spreads in my telegram channels as well. As markets fell in the 2nd half, I added more to my spreads. In futures trading, I was able to make a profit of around Rs 3,000 yesterday. I had also shared the trade in the telegram channel. 
  3. This correction is a healthy correction in the bull market. We did not touch the 200 DMA. I was expecting the resistance at 200DMA or at 11000. Bajaj finance fell 150 rs, Reliance, Axis bank all fell as these had gone up substantially

MY TRADES
  1. I have done call spread in heavily for this weekly expiry. I did not add more to my butterfly yesterday as I executed call spreads.
  2. Today we have tcs q1 today. I have executed an earning trade-in that
    1.  +2 X 2200pe
    2. -1 X 2220pe
    3. -3 X 2300ce
    4. -3 X 2100pe
FII AND DII 
  1. Yesterday both the FII and DII were net sellers. FII sold for close to 1000cr and DII sold for 853cr
  2. Today's FII and DII activity will be interesting to see.
INTERNATIONAL MARKETS
  1. Nasdaq has again resumed its uptrend and has again hit the all-time high. Dow has gained almost 200 points.
  2. European markets closed in the red. The major indices lost around 1%
  3. Today morning the Asian markets are flat. SGX shows that we might open in flat.
CRUDE AND $
  1. Crude is at $42+
  2. $ is at Rs 75
EXPIRY TRADE
  1. Nifty has the max OI at 10800ce and 10600pe.
  2. Banknifty has max oi at 22000pe and 23500ce
  3. Nifty max pin is at 10700 and that of bankifty is at 22500
  4. Nifty might range from 10600 to 10900
  5. Banknifty might range from 22000 to 23000

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