Trade setup for 17th November



 Yesterday we had a trading holiday for Diwali. We had muhrat trading over the weekend and both Nifty and Banknifty made good gains for the muhrat and we did make a good beginning. Yesterday a company called modern told that they have a covid vaccine which is 95% effective and they told that it can be stored in normal refrigeration. This vaccine hope took the US markets higher and the dow gained more than 450 points. Moderna stock gained 10%. Now it will be interesting to see if the promoters of the company have sold their stake or not. So now we can hope for a vaccine very soon.

Now, most of the events are over. So we do not have any major event in the near term. Now markets will consolidate for some time. It is a good time for short straddles, strangles, ironfly or iron condor.

Now Reliance is in shopping spree. They bought urban ladder. It was expected as they have so much funds which they got. They have to do something with it. 

MY TRADES

  1. I have executed the below butterfly strategy
    1. +1 X 12900ce
    2. -5 X 13000ce
    3. +4 X 13100ce
    4. +1X 12700pe
    5. -5 X 12600pe
    6. +4 X 12500pe
  2. Today I will be executing the below strategy for December series
    1. +1 X 13000ce
    2. -1 X 13100ce
    3. -1 X 13200ce
    4. -1 X13300ce
    5. +2 X 13500ce
INTERNATIONAL MARKET
  1. The dow gained more than 400 points yesterday after Moderna gave some vaccine hopes.
  2. Nasdaq also gained around a percent. 
  3. European markets also gained more than 1%
  4. Today the Asian markets are slightly positive. SGX suggests a positive start for the Indian markets.
CRUDE AND $
  1. Crude is trading at $43.92
  2. $ is at Rs74
FII AND DII
  1. On muhrat day FII sold for 78cr and DII sold for 20cr. 
  2. For this month they have bought for more than 33000cr.


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