Trade setup for 25th May

 Nifty is slowly inching to the all-time high. Now it looks like everything is looking good and there are no hurdles for the market to go higher. As I told before, I won't be surprised if we make that in this expiry.

Yesterday again it was the banks that took charge. As expected, it was SBI, HDFCbk, Axis which headed higher. In my weekly recommendation program which I started this week, I did suggest buying hdfcbk, SBI and it was obvious that these will rally.

India vix is below 20 and is close to 19 which indicates that we are not having much uncertainty in the market. 

$ index is below 90.

The cryptos are back and most of them have recovered a significant part of its recent fall. It was obvious that the banks, govt will not like a decentralised currency. But you never go against technology. Yesterday Elon musk told that he is talking to bitcoin miners and that was enough for bitcoin to shoot.

Covid cases are falling which is good news but we have a long way to go.

Yesterday the tech stocks shot in the US. Tesla, apple amazon were some gainers.


  1. For long term investment, I am suggesting Infosys which is trading at 1350. I am planning to invest in this in phases.
  2. Yesterday, I did one options strategy and shared that in social media as well
    1. +1 X 15k
    2. -1 X 14900pe
    3. -1 X 14850pe
    4. -1 X 14800pe
    5. +2 X 14700pe 
  3. Most of my trades that I am having are bullish now. Any fall should be used for going long in the market.
  4. I thought I will build a good portfolio if nifty falls, but now I am planning to build folio if there is any fall. I don't think we will see 14k anytime soon. Every week I am planning to invest 25k into quality stocks. I will do this as a SIP. I would even suggest, even you guys follow this principle based on your appetite.
  5. I have invested 5k in cryptos as well. I am planning to invest some in this risky asset as well. I bought XRP and Dogecoin.
  1. The Global cues are strong. US markets closed in the green. Nasdaq was a huge gainer yesterday. 
  2. European markets also closed in the green. The DAX was shut.
  3. Today morning the Asian markets are in the green. SGX is suggesting a gap up of 100 points.
  1. FII have bought for 3 consecutive days for now.
  2. FII bought for 585cr and DII sold for 700cr.
  1. USD is at Rs 72.84. 
  2. Crude is at $68.67