Today is Wednesday and it means that it will be a volatile day.
RBI governor is addressing media at 10am. So expect some relief and banknifty might be volatile. Probably, the moratorium might be extended for some sectors like MSME, retail etc.
Yesterday the markets were all over the place. Nifty gapped up 100 points, then fell 150 points, then shot up 100 points, then fell 150 points to end the day. Frankly, this is one of the most volatile sessions I have traded. I have no idea how intraday traders are making a profit. I am not trading intraday now as it is very difficult to identify the trend.
Yesterday the FII have sold for 1700cr and DII bought for only 1000cr.
Now if 14300 is broken on the lower side then 13700 is a possibility. Let's see if the RBI governor can change the game today.
The covid cases are rising and there are shortages of vaccines.
Yesterday even the US markets were crazy. Dow fell at the opening and recovered entirely to close in the green. Nasdaq fell drastically and this is the worst fall from the march.
Bitcoins and dogecoin are shooting up.
MY TRADES
- I have not taken huge trades as we had election results this week. My volumes were less for this week.
- I have taken some safe trades and for now, all are in good shape.
- My Zerodha account trades are in profit and is in the safe zone.
- The US was mixed, but nasdaq has lost 260 points.
- Europe closed in the green.
- Asian markets are in holiday. SGX is suggesting a flat opeinging.
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