Trade setup for 07th July

 One bad news about the company and the company went to a lower circuit. It was none other than tata motors. Yesterday it was well in the green and the management told that the next quarter would be a difficult quarter due to chip shortages and then the stock fell 12% from high. It also dragged nifty along with it. Has tata motors given the trigger for the markets to fall more or will this fall also be bought??

Today's tata motor movement will be keenly watched as we need to see if there will be follow-through.

Bajaj finance came out with an update and the street liked it and it shot up close to 4%. This has been a wonderful stock. It went below 2000 during covid times and is now 6k. It's one of the finest companies which is managed in India. 

Nifty almost made an alltime high yesterday. It was just 1 point away. Yesterday the futures already made a aaaaal time high of 16500+. The person who bought it at that level will be banging his head. 

The S&P closed in red after closing in green for 7 consecutive days.

The GST collection was at 93 thousand crore. After many months, it has gone below 1lk cr

Now all eyes on the fed. 

If markets continue to fall then the new IPO like zomato may be in trouble and it may not subscribe because people don't invest if markets fall. It will be interesting to see this space.

The US energy secretary has told that crude may hit $100

We have cabinet reshuffling in the centre. This may not be a major event for the markets so it can be ignored.

We have TCS results tomorrow. I was planning to take a short trade but it has fallen in last few days. Need to come out with a good strategy. 


  1. I have closed most of my equity positions as most of it is in profit. I have been doing this for sometime now. I always invest or sell in phases. I never deploy a bulk of money at once. Its one of the best way which has worked out for me.
  2. I had a lot of short trades in my options. I thought I will do adjustments if 16k is taken out yesterday. But in the 2nd half, it fell and now my trades are in pretty good spot.
  3. We had executed Iron condor in my zerodha account and now we will be having around 3000 profit by tomorrow which is around 1.5% of the capital.
  4. I did a youtube video on banknifty double ratio spread and already it is at 18000(3%) profit. I will be closing that today as 3% per week is good for me and bannifty rally might not continue.
  1. The US markets closed in the red. 
  2. Europe closed in the red. 
  3. Today the SGX is suggesting a negative start.
  1. Crude is at $74.5 and $ is at Rs 74
  1. Now it looks like FII have decided to exit Indian markets. They sold for 500+cr and DII bought for 500+ cr