Trade setup for 19th May

We saw another good day yesterday. Nifty shot up 200 points again and 15000 has been taken out easily. Nifty even crossed 15100. This is really surprising for me as I did not expect the 15k to be taken so easily. 

Most of the cities are shut down. Crude at almost $70 per barrel which is bad for our economy. 

The covid cases are going down in Delhi, Maharashtra. But the cases are rising in Karnataka. 

Yesterday Tata motors came out with its earning and there was a loss of 7600cr. So today that might be under pressure.

China has banned financials from crypt biz. Now you are seeing bitcoin, dogecoin falling. Bitcoin is down more than 20%

Now various countries are taking sides in Israel - Palestine. The EU has come in support of Israel.


  1. I had to do a lot of adjustments for my trades. This week has been a tiring week for me. 
  2. In my Zerodha account, I closed the put leg of the strangle and shifted it 1000 points above. Now I am having 34000ce and 33000pe.
  3. I am not taking any fresh trades as I am busy adjusting.
  1. Today Hongkong and China markets are closed. 
  2. The US markets closed in the red.
  3. Europe also closed in the red.
  4. Today the Asian markets are also in the red. We need to see if 15k will be protected or not.
  1. Yesterday both FII and DII were buyers.
  2. FII bought for 600cr and DII bought for 450cr