Trade setup for 16th August

Happy Independence day to all Indians. We are lucky as we are not facing what is happening in Afghanistan. Now Afghanistan is in control of the Taliban and they have captured Kabul as well. The US troops left the area sometime back and the country is now in chaos. The president has now fled the country. Every country is evacuating its citizens and diplomats.

Coming to markets, we are rallying continuously for 5 days now and we have made another all-time high. Not only us, but even the European markets are also rallying for more than 6-7 days.  

There was a lot of initiative on clean energy, the manufacturing sector etc by PM Modi in the independence day speech.

Today the 4 companies will be listed. I had applied for 10 lots of devyani from various account. I got 2 lots. Will be selling 50% if it doubles.

Today we have the Chinese economic data and the Asian markets are slightly in the red. 

Nifty is rallying but not all the nifty 50 are rallying. It's just Reliance, IT, HDFC twins which are rallying and taking nifty higher. The move in these large caps is taking the markets higher. The midcaps and smallcaps are lower only. 

The markets are in strong control of the bulls. Don't even think of shorting. Any dip should be used for buying.

I expected crude to rise due to geopolitical tension in Afghanistan but crude has fallen and is below $70. The delta varient is causing the fall in the crude


  1. I did not take any trades on Friday as I spent the entire weekend retrospecting the things that is happening. 
  2. In my Zerodha account, I sold 2 lots of 15600ce. Today I am expecting it to be in profit as SGX is down.
  3. Today I will be taking some trades in nifty. I am not taking any trades in banknifty till it crosses its all-time high. I am planning to take this trade in nifty today. Now I am planning to take more intraday trades based on the trend.
    1. -3 X 16600ce
    2. +1 X 16500ce
    3. +2 X 16800ce
  4. Bharti is having a good bull run. So I will be executing some bullish strategy in this.I will update in telegram as soon as I take
  5. Even tata steel is good. It may goto 1500 soon. I will be taking the below trades
    1. +1 X 1500ce
    2. -2 X  1600ce
  1. The US markets closed in flat on Friday.
  2. Europe was also flat.
  3. Today the Asian markets are in the red. Japan is down more than a percent.
  4. SGX is suggesting a flat opening.
  1. On Friday, FII bought for 800+cr and DII nought for 200 odd cr
  2. When large caps rallied it was obvious that FII have bought in these companies. Now we need to see whether mid and smallcap will catchup or will the largecaps correct?
  1. Crude is below $70 due to the fear of less consumption due to delta varient. 
  2. If this Afghan thing escalates then probably this might rise.