Trade setup for 1st march



 Markets are very volatile these days. All thought that 2021 will be consolidation time but it looks like 2021 is more dangerous that 2020. 

On Friday, markets fell 600 points. Today the SGX is suggesting a 200 points higher.

On Friday, all 50 nifty stocks were in the red. When was the last time you saw that?

Friday we had the GDP data and it looks like it is good for India.

Now there is a huge rumour that petrol will be brought under the GST. If govt does that then we may get a trigger to head higher.

The bond yield thriller seems to be over. Dow has recovered and now Friday's low will be supported. Now it all depends on how the FII trades. DII will continue to sell and if FII sells then we will fall. If they buy we shoot up. 15000 is the resistance. If 15000 and 15200 are taken out then 16000 will be taken very soon.

Bitcoin is falling. Yesterday it came down to $43k and today it is trading at $46k.

I am still mildly bearish in the markets. Most of my trades are taken on the downside. I feel that 50DMA will be taken out.

MY TRADES

  1. I executed the below strategy and its in mild loss. Today it may turn green
    1. +1 X 15000ce
    2. -5 X 15200ce
    3. +4 X 15400ce
    4. +1 X 14600pe
    5. -5 X 14400pe
    6. +4 X 14200pe
  2. I have executed the below strategy in the monthly option
    1. +1 X 15200ce
    2. -1 X 14500ce
    3. -1 X 14500pe
    4. +1 X 14000pe
INTERNATIONAL MARKETS
  1. The US markets closed in mixed. Nasdaq closed in the green but the dow lost and closed in deep red.
  2. European markets closed in the red.
  3. Today morning the Asian markets are in the green.
  4. Japan markets are in deep green. The Chinese PMI data came and it was as expected.
  5. The bond yields are falling after the fed gave a statement that the rising bond yield is the expectation of growth.
CRUDE AND $
  1. Crude is at $64
  2. $ is at Rs 73.5. There is a sharp surge in $. Today that might cool off a bit. But still, $ should come below 73 for the indian markets to rally.

FII AND DII
  1. FII sold for 8295.17 and DII bought for 1500cr
  2. I think this is the biggest selling figure which we have seen from FII after a long long time. They were only buyers until now. So is this the dip which you are not supposed to buy?

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