Trade setup for 28th April



 Now many countries have extended their help for India to provide vaccines, oxygen etc. So there is a hope rally in the markets. The global markets are not collapsing as the developed world has vaccinated a large percentage of the population. So even global stability is adding to our rally. 

From 2 days Reliance has come back strongly. They have earnings very soon and it looks like it is rallying on that.

In the US, the companies are reporting wonderful numbers. Microsoft, Tesla reported wonderful numbers. But Tesla fell 4% yesterday and Microsoft is down by 3%. Google has come out with wonderful numbers and the street is liking that.

Yesterday Axis bank reported its numbers and its taken positively by the street.

As I had told before, the companies will deliver good result but the street may not like that. But unfortunately, the earning shares are falling, but the index heavyweight balances it and stops the index from falling. Let's see how far can the heavyweight balance. For now, the markets are bullish. I will turn bearish only if it closes below 14200.

We have the US FED meet tonight. All eyes are on that.

MY TRADES

  1. Most of my trades are in green for this week without many adjustments. So today, I will be closing some trades and booking profit and initiating new trades.
  2. I am planning for the below strategy in huge volumes.
    1. -1 X 14400pe
    2. -1 X 14900ce
    3. +1 X15100ce
    4. +1 X 14200pe
  3. My Zerodha account is also in good profit. Today I will add a hedge to that and initiate more trades. I will be sharing them with my students in telegram.
INTERNATIONAL MARKETS
  1. The US markets were down. 
  2. European markets closed in the red.
  3. Today the Asian markets are flat to positive.
  4. SGX is suggesting a flat opening.
FII AND DII
  1. FII sold for 1454cr and DII bought for 1463cr
  2. DII is balancing the shorts of the FII.
CRUDE AND $
  1. Crude is at $66
  2. $ is at Rs 74.5



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