Trade setup for 22nd June

 Wow wow wow. Did you see the markets yesterday? This is the most volatile markets I have seen and the vix is around 15. I don't think markets moved like this even when vix was above 20.

Markets fell 200 points and then recovered 250 points from the lows. Banknifty recovered almost 1000 points from the day's low. 

There is no point in watching the Indian markets. It's better to track the US markets as we are just imitating the US markets.

Suddenly all the Adani stocks are rallying. The Adani stocks which were in LC are now in the upper circuit.

As expected, the pnb housing finance is now in the lower circuit.

Yesterday the FII have sold for the day but there was a massive recovery in the market. Even DII did not buy heavily. Who else bought it then??

The US markets are back to their upside mojo. On Friday, it fell indicating that the inflation, the fed indication is dangerous. Yesterday it rallied and recovered the entire loss indicating that the Friday fall was just a joke.

The cryptos are falling at the same rate they shot up. The retail frenzy cryptos bitcoin, dogecoin, ripple, etherium are down by more than 30% from its highs. I had invested 50000 in wazirx. Now its value is close to 35000. :)

Now many major cities are opening. So the covid cases for the next few days will be important. 

There are more stricter rules for e-commerce that they have to comply with.


  1. I had told that I would be shorting the markets if 15600 is broken on the lower side and if it closes below 15600. I took a small position in my trade. As markets came back strongly, I closed some in a minor loss intraday. I will wait.
  2. I will keep my volume low for this week as this is expiry week and things can get volatile.
  1. The US markets are again back and closed in the green.
  2. Europe close in the green.
  3. Today morning the Asian markets are also in the green. The nikkei which lost yesterday is now recovered most of its losses.
  1. FII have sold for 1244cr and DII bought for 138cr
  1. Crude is now trading at $75
  2. $ is at Rs 74