Trade setup for 17th May

 The good news is that the active cases are coming down slowly. We may have to continue this for some time and accelerate the vaccinations and flatten the curve as soon as possible.

The lockdown may extend and the major cities like Delhi, Mumbai, Bangalore will be closed for more days.

Singapore and Taiwan have seen an increase in the covid cases. So those markets are in the red now.

In the US people are free to move without masks after they have got the vaccination. This was good news and airlines, entertainment, hospitality stocks shot up.

The Israel and Palestine war is getting escalated after Israel bombed a Hamas office building in the Gaza strip. So obviously there is a spike in crude. 

Today morning the SGX was up 100 points and now is it up just 35 points. Let's see how markets will react after opening. China came out with their economic data and the Asian markets are reacting to that. The data did not meet the expectation.

There is a new cyclone on the west coast of India which is causing huge destruction. 

Bitcoin fell almost 8% yesterday and 25% this week after Elon musk told them to sell their bitcoin holding. But Dogecoin is going up as many feel that Tesla will go the Doge way. 

Today we have Airtel and Colgate coming out with numbers. I have no plans of doing any pre earning trade in this.


  1. On Friday, I was busy and was not able to take any major trades. I executed some butterfly's and some ironfly's.
  2. The SAIL trade which I took some time back is already at 20% profit. I am planning to close that today if 14800 is taken on the higher side.
  3. Long term straddle is really profitable in this range-bound. 
  4. I am planning to execute an algo trade using algobaba. So today I will be busy in that.
  1. FII sold for 2600cr and DII bought for 600cr
  1. The US markets closed in the green. Dow gained more than 300 points
  2. Europe also closed in the green.
  3. Today the Asian markets are in the red as covid surges in Singapore and Taiwan + the China data was not as per expectation. But sgx is showing a +ve start.


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