Trade setup for 18th Jan



 Finally, the dips were not bought. Has the trend changed?? Need to see today. If FII were sellers, I would be more convinced, but that did not happen. So 14300 is a support for me. Below that, I will consider as a trend reversal.

Today we have a lot of earning effect. HDFC bank came out with results, HCL tech came out with results. So they might be the stock in focus today. 

There us a rumour that there will be some reduction in the COVID stimulus.

TATA Motors is a funny stock. On Friday, their EV handle on Twitter came out with a possible collaboration with Tesla. The stock went up 4%. Then the Tata motors confirmed that they are not looking for any partnership. The stock went up even more. 

Now markets look like that it is tired of going up, but is this the consolidation before the budget move or is it really a trend reversal.  

The trade wars between US and China is getting escalated and Trump has now halted Huawei supply. 

MY TRADES

  1. The best strategy now is call ratio spreads in the monthly expiry
    1. +1 X 14400ce
    2. -1 X 14500ce
    3. -1 X 14550ce
    4. -1 X 14600ce
  2. I am working on algo trading and it seems to be working fine for the last 2 days I did. Lets see
  3. I am executing the below strategy
    1. -1 X reliance 1800pe
    2. -1 X tatamotors 220pe
INTERNATIONAL MARKET
  1. US markets are shut today. The futures are slightly down and the US markets closed in the red on Friday.
  2. Europe also closed in the red.
  3. Today morning the Asian markets are also in the red.
  4. SGX suggest a negative start.
CRUDE AND $
  1. Crude is trading at $54
  2. $ is at Rs 73
  3. $ index is at 90. Even this is a good indicator for the markets. Markets may correct if if goes above 91. So keep an eye on this as well.
FII AND DII
  1. FII bought for 970cr and DII sold for 950cr

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