Trade setup for 7th December

  1. After moving too much in small time, now is the time for consolidation. Now the FII will start packing their bags for their Christmas vacation. So they may not invest in the same intensity as they did till now. The intensity might increase if there is any covid vaccine in this month. 
  2. Singapore has granted many digital banking licences to some new players and that has caused some disturbances in the banking space worldwide. 
  3. Electric car charging stations opened up in the UK. So it looks like the electric car market will enter the markets and create disruption soon.
  4. The farmer's protest did not end as talks failed and they have decided to go for Bharat bandh on Dec 8th.
  1. I will take my bet and execute Iron fly on nifty. I believe that nifty will trade in a small range for this month.
    1. -1 X 13200ce
    2. -1 X 13200pe
    3. +1 X 12700pe
    4. +1 X 13700ce
  2. For this week expiry, I will be executing a call ratio spread
    1. +1 X 13300ce
    2. -1 X 13400ce
    3. -1 X 13450ce
    4. -1 X 13500ce
  1. US shot up on Friday. Today the futures are in mild red.
  2. European markets also closed in the green. The major indices gained around 1%
  3. Today morning the Asian markets are in the mild red. SGX suggests a gap down of 50 points.
  4. We need to see if FII coma again and buy the gapdown.
  1. FII have pumped 3000cr and DII have sold around 2000cr
  2. This figure may go down gradually in this month.
  1. Crude is trading at $49.
  2. $ is now at Rs 73.80