Trade setup for 24th June

 Today is the expiry and we have Reliance AGM. Sometimes I feel that these things are planned to take on retailers. It's obvious that today will be volatile. If possible, close all your trades by 2pm because there can be a violent move in the 2nd half after the AGM. Any product launch or any plan revelation will be the game-changer for the markets. If Reliance shoots then nifty will follow that.

Delta variant is dampening the sentiment in the market. But at the same time, the vaccination is also gaining momentum.

Buffet resigned from Gates foundation. He also gives away $4 billion.

Jhon Mcafee who was the founder of the McCafe was arrested for some crypto trading and tax evasion. He has now died in jail by committing suicide.

Now the cryptos are back. Most of the cryptos gained again after the brutal fall day before yesterday. This is a very dangerous and volatile sector. It's better to have a very small exposure in this.

The US markets fell and closed in red after gaining for some time.


  1. I took the below trade in nifty for July month
    1. +2 X 15700pe
    2. -1 X 15900pe
  2. I will take the below trade in Asian paints
    1. +2 X 3000pe
    2. -1 X 3100pe
  3. For today's expiry, I will be doing only strangles as the premiums are low and I don't have much margins to do heavy trading.
  1. Nothing much to discuss from the world markets. They are all flat. 
  2. Asia is mixed today and SGX is suggesting a flat opening.
  1. Crude is at $75. It is seen that crude might see higher price as an investment in fossil fuel is getting reduced and demand is rising.
  2. $ is at Rs 74
  1. FII behaviours are really strange. One day they buy heavily and then they sell for few days. Not able to judge the view of the big boys.
  2. Yesterday they bought for 3000cr and DII also bought for 1300cr
  1. Huge call writing at 15800ce in nifty and at 35kce in banknifty
  2. MArkets are in a confused state. Better close all trade by 2PM
  3. Max pain of nifty is at 15700 and 34700 in banknifty
  4. If markets are flat till 2pm then there can be a huge movement after 2. Then you can buy ATM straddle as premiums will be less.
  5. You can execute short strangle at opening.