Trade setup for the day

  • We have a lot of results in this week. Will we cross the 11000 marks will be determined by these results.
  • On Saturday, HDFC bank came out with results. There was a 20% rise in loan books and the results have beaten the street estimates but there is some increase in the NPA. The moratoriums have reduced and the management commentary was positive. Now it will be interesting to see if HDFC bank opens in green or red. 
  • Today we have the AGR hearing in the supreme court. So the banknifty and telcos will be in focus. 
  • Now there is more hope on the Carona vaccine. Many countries have now advanced in the development of the drug. So probably we may have a drug soon. 
  •  Yesbank FPO closes with 0.95x subscription.
  • The best part is that the VIX is falling which is good. We have had a volatile market for 

MY TRADES
  • Infy adjustments have taken huge margins in mine. I will be sharing the trades in the twitter and other social media.
  • In the weekly expiry, I have had some put spreads as I am slightly bullish as 200 DMA has crossed
    • 10500pe X -1
    • 10400pe X 1
  • I could not do any earning trade in HDFC bank as I am stuck in Infy.
INTERNATIONAL MARKET
  • The US markets were flat on Friday. Netflix came out with results and it was below expectation.
  • European markets closed in the green. The major indices gained over 0.5-1%
  • Today morning the Asian markets are in the red. Even SGX suggests that we may open in the red. HDFC bank movement will decide the market movement.
FII AND DII
  • FII are net buyers in the market now. They have bought for around 700cr and DII have sold for 200cr. 
  • It looks like FII buying may continue as they have sold a lot in the market.
CRUDE AND $
  • Crude is trading at $42.88
  • $ is at Rs 75

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