Trade setup for 23rd November

  1. Now there are more good news on the way. Looks like 13000 will be taken out this expiry only. FII inflows not seems to be stopping. The PMO has promised to make some reforms which will help them. 
  2. Bajaj finance is up 40% this month. Now we know why. They are getting a banking licence and this news was probably known by the large players and they have moved the stock 40% this month.
  3. There is a high optimism for covid vaccine and even that is adding momentum to the upside. 
  4. Friday was very volatile and markets gave a correction which was immediately bought and markets closed almost at the high point.
  5. OPEC met and they have decided to keep a check on the oil production so that there is no volatility in the prices.
  6. Reliance is the one which is pulling the markets down. There is some serious profit booking here. It will be interesting if there will be fresh buying here.
  7. Kotak bank promoter holding has increased and that will be in focus today.

  1. Its scary for me to enter now to the markets. I am waiting for some kind of a dip or a big correction. So my index volumes are small.
  2. I am having some stock options trades which are in danger. I have been doing adjustment for some time now and looks like I will have to do that today as well.
  3. M&M is the stock which I am interested. I am buying this stock in cash. 
  4. I am also keeping an eye on Reliance and I am planing to buy it in cash if it falls below 1800. 
  1. Dow closed in the red. They lost around a percent and nasdaq also closed in the red.
  2. Europe closed in the green and today morning the Asian markets are also in the green. 
  3. SGX suggests a 50 point up.
  1. FII bought for 3800cr and DII sold for 2800cr.