Trade setup for 18th June



Last week was a little difficult week for me to manage as markets were playing like a pendulum. On Monday it went from 15800 to 15600, then from 15600 to 15900 and then again from 15900 to 15650 and finally closed at 15700. 
Yesterday the 2nd half move wiped a lot of my profit. 

This is the last week of the month. We have had a huge bull run this month. Usually, when there is a huge movement in the month, last month will be some profit booking. But this month can be an exception. 

The US markets are in consolidation after the FED meet. So it looks like there is no fresh selling there.

Petrol prices are increasing everyday, so inflation will be higher. Is this priced into the stock market??

The commodities prices are falling across the globe due to China crackdown.

Now major auto companies like GM, VW are entering EV space in a big way. It will be interesting to see if Tesla will be able to retain its market share. Designing EV is relatively cheaper and easier than ignition engine cars. So the competition may heat up soon as even tech companies like Apple and Samsung are also entering this space. 
The Cryptos are silent as there is no tweet from Elon Musk.
Adani lost 9billion due to the recent fall in adani stocks. Still, some of it is in negative freeze. Not sure when these will open. All the investors are now trapped in this. 


MY TRADES
  1. In my Zerodha account, I had 15700 short straddles, and I made a profit of around 13000. There are some of the trades where nifty comes and expires at the exact rate that you want. This does not happen regularly, but some lucky times will give you these.
  2. I have a short straddle at 15400 for this week. I even did a video on this. Today if 15800 is crossed then I will buy a lot of futures. I will share the trade on my social media channels. As of yesterday, I was sitting with a  profit of 12k which is around 6%. 
  3. I will be executing the below strategy in asian paints
    1. +1 X 3000ce
    2. -1 X 3060ce
    3. -1 X 3080ce
    4. -1 X 3100ce
    5. +2 X 3200ce
  4. If 15600 is broken on the lower side then I will be shooting the markets aggressively.
INTERNATIONAL MARKETS
  1. Dow closed in the red but Nasdaq closed in the green.
  2. European markets were flat. 
  3. Today the Asian markets are in mild green.
  4. SGX is suggesting a +ve start. This is expiry week and obviously, there will be volatility.
CRUDE and $
  1. Crude is at $74
  2. $ is at Rs 74
FII AND DII
  1. FII have sold 800+cr and DII were flat yesterday.

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