Trade setup for 15th June



 Sorry for missing the blog yesterday. I was busy in the hiring process which made me forget this thing.

Coming to markets, again another volatile day. Not sure if the credit should be given to SEBI or not. Now, Sebi is pointed for any volatility that is happening as if there was no volatility when there was liquidity in the system. There are some things which are not in your control. So no point breaking our head on that. Let's just control what is there in our hand. 

Yesterday, nifty recovered 150+ points from the low and banknifty recovered almost 400+points from the low. Many traders were trapped by this V-shaped recovery. My volumes were low as I was busy with other works, so I can do some adjustments and carry it. Let's see how things will plat today.

Now we have inflation fears. Yesterday's inflation was at 6% and this is very bad but stock markets are also inflating :)

Yesterday's low is now the point we have to keep an eye on. Breaking that, I will be shorting the markets.

Reliance was acting like a penny stock and it has been acting like this for some time now. Yesterday, it was moving from green to red and vice-versa and finally managed to close in the green. 

Bajaj finance made another ATH. This stock is on fire. 

Adani stocks were in trouble as ET published that NSDL has frozen some of the institution Demat accounts holding Adani stocks. Even Sucheta Dalal(the lady who cracked the Harshad Mehta case) recently tweeted that there is some problem in this group of stocks. But then, Adani and NSDL confirmed that none of the Demat accounts has been frozen. Today it will be interesting to see how these stocks will react. 

The govt is giving a huge push to EVs. Now the subsidy for EVs has increased. 

The US markets are in full josh as well. The S&P and the Nasdaq have made another ATH yesterday. Now all eyes on the US fed meet. 

There is a lot of protest against Amazon in India, EU, UK for giving preference to sellers. 

MY TRADES

  1. In my Zerodha account, I took a short straddle at 15700. Since markets were volatile yesterday, I did not add any adjustment. Let's see how the markets will play today.
  2. I have executed the below strategy in Bajaj finance
    1. +1 X 6200ce
    2. -1 X 6400ce
    3. -1 X 6500ce
    4. -1 X 6600ce
    5. -1 X 6800ce
    6. +3 X 7000ce
  3. My straddle trade which I took in the monthly expiry is slightly in the danger zone but the trade is in profit. So if markets shoot up more, I may think of doing the adjustment or exit the trade as I am in profit.
INTERNATIONAL MARKETS
  1. The US markets are marking all time highs.
  2. Europe is also in the green.
  3. Today morning the Asian markets are also in the mild red. SGX is suggesting a flat opening. LEts see if the macro data which came will have any impact today. 
FII AND DII
  1. FII sold for 500cr and DII bought for 500+cr.
CRUDE AND $
  1. Crude is now at $73
  2. $ is at Rs 73.23



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