Yesterday there was a press conference of the Finance minister at 3PM. So the markets were jittery in the 2nd half. Markets lost the early gains which were made. Not sure if the FM meet was the reason for that or not. We opened in green but closed in the red. The entire world markets were in the red. So FM press conference may not be the only reason.
PR Sundar is a well-known face in options trading. Yesterday, there was a person who came out with his financial statement to show that he is a fraud. I have done a youtube video on this
The finance minister gave 8 some relief for the covid affected sectors. So it was as expected. There was no surprise.
Now there is a huge pressure on the EU to accept covishield in the passport and allow people who have taken covishield into Europe.
Petrol prices are rising day by day in India as well as in the world markets.
Yesterday the US markets closed in the red. Facebook shot up as there was a case in the court which worked in their favour. So it boosted the Nasdaq as well.
MY TRADES
- My trades are in good spot for now. Hope there is no strong movement. Since markets are silent for some time, I want to see if there will be any violence in last 3 days or not.
- It looks like crossing 16k is not that easy as it looks. I had even given justification as to why it will be difficult. I wont be surprised if markets fall some. With that view I have increased the quantity of my 15000 short straddle for the December month.
- Low vix is forcing us to take risky trades. Better make sure that you are hedged because you never know when vix will shoot and when there will be a volatile move.
- FII sold for 1650cr and DII bought for 1250+cr
- Now FII are following a trend. They are now slowly selling more. Lets see if this selling will continue or will they again come and buy 1 day.
- Crude is trading at $74.5
- $ is at Rs 74.5
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