Trade setup for the 13th july

This week is very crucial for us to head higher. We have RIL AGM, IT companies declaring results. So maybe we can move the 200DMA this week and 10600 is a support area. If that is broken then we may not go back to 200 DMA. This will be the 3rd time 200 DMA will be tested. If this is not broken then we might see much fall from there. I believe that we may cross this time.
The banks were not performing in the last week. Over the weekend, the JIO platform raised 730cr from Qualcomm. Reliance has made a 13 investment into the firm. 
The corona cases are raising continuously in the world. The total cases are now at 1.3cr. 
I got a lot of criticism for the trade which had a risk of 11,000 and a profit of 3,000. Will be coming out with a video as to how these things work. Will clearly explain the role of probability in the risk: reward.
Now there are many companies working for the Covid drug. Bangalore will be locked down for a week from Tuesday. 
RBI governor says that PSU banks and private banks should be well capitalised. 

  • This week I will be positive as we have much news. So, I will be executing the put ratio spread. 
    • 10600 X 1
    • 10500 X -2
    • 10400 X -2
  • I am slightly not comfortable in building long as FII are selling, Gold which is safe havens is rising. Is it the retail money which is taking the market higher??  So my positions are low till I get confidence that this rally has a backing.
  • All are positive today.
  • Nasdaq has hit one more record.
  • The dow futures are positive,  Asian markets are positive.
  • SGX shows that we will have a gap up opening.
  • On Friday, FII sold for 1000cr and DII sold for 430cr.
  • This is slightly disturbing. So FII positions in this week might decide the further movement.
  • Crude is trading at $42.84
  • $ is trading at Rs 75.2