Tradde setup for 4th March

 Yesterday was a clear trending day. My view was totally wrong. I expected the markets to fall, but markets opened in the green and the rally did not show any signs of falling. Banks rallied and all the major banks gained. Reliance was also a major contributor the nifty rally. It gained more than 4%. Metals also got its mojo. Totally it looked like everything was good yesterday and we were in heaven.

Adanis are in port shopping. They have gained control of many ports in the country. 

Most of the strategies which I had implemented were in danger zone yesterday and I had to do a lot of adjustments and close some in minor profits. Today I will end the expiry in wonderful profits as SGX is suggesting a gapdown.

The absence of liquidity has increased the slippages, bid-ask, volatility. I did expect this, so I did intraday trading with less volume. The 20DMA has been crossed without any problem. It will be interesting if nifty can break its previous high of around 15400. I still adhere to my short view. I believe that yesterday's move was due to the volatility and low volumes. I hope I am right. Let's see.

Bond yield rise and the Asian markets are falling today. 

The UK has passed the bill where they have increased the tax on corporates. Will other countries follow?? Maybe the weakness if for this.

The Tech stocks which was the hot cake for a long time now is now seeing selloff. Tesla rocket explodes and the shares tank more than 4%. Yesterday the Nasdaq fell and this 2-day fall is the worst fall in the last 6 months.

Haryana passes the bill to give reservation to local people. This may backfire as corporates in Gurugram may not like it.


  1. Yesterday, I did some intraday trades with a small volume and I was able to end the day with a profit.
  2. I executed Iron condor in nifty yesterday
    1. -1 X 15100pe
    2. +1 X 14900pe
    3. -1 X 15300ce
    4. +1 X 15500ce
  3. I was busy in doing adjustments to my previous trades. 
  4. Today I will be busy in doing expiry trades. The expiry profit will be less as margins are reduced. 
  1. The US markets closed in the red. It was the tech which pulled the markets lower. Dow also closed in the red but not by much.
  2. Europe closed in green.
  3. Today the Asian markets have taken it on the chin as yield rises.
  4. SGX is suggesting a gapdown of 250 points
  1. crude is at 
  2. $ is at
  1. FII bought for 2000cr and DII also bought for 400cr. It will be interesting to see how they trade today. 
  2. I will short the markets aggressively if nifty again comes below 15000 in some days.
  1. Nifty has max OI at 15000pe and 15500ce
  2. Banknifty has max OI at 37000ce and 35500pe
  3. The maxpain of nifty is at 15050 and 36000
  4. Nifty may range from 15050 to 15150
  5. banknifty may range from 35500 to 36500