Yesterday there was Reliance AGM where Mukesh Ambani told that they will be investing in solar energy, hydro energy etc. It looks like we will move away from fossil fuels very soon than we expected. They included Saudi Aramco CEO on the board which was expected. But Reliance fell during the AGM. It corrected close to 2.5% but there was not much fall in nifty. Nifty was stable and overall it was a calm expiry with not much movement.
Yesterday it was IT, Banks which took charge. Otherwise, considering reliance performance we would have fallen a lot.
Yesterday there was Nike earnings which changed the sentiment in the US and the US markets closed in the green. Dow gained more than 300 points. Also, Biden reached the infrastructure deal.
Microsoft is coming with a new version of windows after a long time. Its valuation is now $2 trillion.
Accenture came out with earning and it has beaten the estimates. So IT is in focus. Yesterday IT did perform.
MY TRADES
- My June series was a good one. I was able to make around 7% of the capital. For few months, I am able to make around 7-8% of my capital. This is called survival of the fittest. Many told that traders will perish after intraday margins are removed. In life, when one door is closed 1000 doors open. You should just be willing to find one.
- I have some short trades with me. I am slightly bearish on the markets for this month. I will change my view if things change accordingly. My exposure is also very very little for now. So I need not worry. I can easily defend by doing adjustments if things go wrong.
- I am planning to have some short trades on oil dependent companies as crude is rallying.
INTERNATIONAL MARKETS
- The US markets closed in the green after Biden administration $1 trillion infra bill.
- Europe also closed in the green.
- Today morning the Asian markets are in the green.SGX is flat.
CRUDE AND $
- Crude is now $76. Its inching close to $80
- $ is at Rs 75
FII AND DII
- FII sold for 2800+cr and DII bought for 1100+cr
Comments
Post a Comment