Trade setup for 21th May



 Looks like now all good news is coming at once.  First, the covid cases are coming down rapidly. Looks like the lockdowns in major cities is working. Govt is also taking measures to increase the vaccination as well.

Israel has decided to end the 11-day bombing after pressure from the US. So the escalation may not happen. The crude oil markets probably knew this because the crude prices did not rise even when there was a war-like situation. 

Cryptos have bounced back. Bitcoin, Doge, Etherum etc which fell 30-40%yesterday have recovered more than half. So cryptos are here to stay.

US has proposed a global minimum tax of 15%.

The US jobs data came and they were very good. You can see that the US markets have reacted positively on these data.

Now the day before yesterday high is the most important point. If that is broken on the upside then we can make an all-time high very soon. 

This is the last week of the month so there will lot of volatility. So don't take aggressive calls. 

Today we have SBI results and that has shot up. Maybe the good results is in the price. 

MY TRADES

  1. I was keeping an eye on BHEL to short but that has now come under fno ban. So no point is watching that as the ban may not be opened anytime soon.
  2. I will be executing the below strategy
    1. +1 X 15100ce
    2. -1 X 15200ce
    3. -1 X 15250ce
    4. -1 X 15300ce
    5. +2 X 15500ce
  3. Today is very important day. If nifty manages to close 15k + then then rally will continue else we may retest 14500. So my trades will be based on this.
INTERNATIONAL MARKETS
  1. The US markets closed in the green after good job data. Dow gained 180 points and the Nasdaq gained more than 200 points. The techs came back strongly.
  2. Europe gained more than a per cent.
  3. Today morning the Asian markets are in the green. SGX is suggesting  a +ve start.
FII AND DII
  1. Not much activity is seen from the FII
  2. FII have bought for 70cr and DII sold for 900cr 

Comments