Trade setup for 22nd September

 Yesterday was another volatile session. The best part was, VIX fell but not the volatility. Nifty fell in the morning and in the second half it shot up. Metals, ONGC, ITC and baja twins were the top gainers yesterday. Metals fell for 1 day and then shot up yesterday. I was thinking of trading in tatasteel if there was any follow-through on the downside. But that did not happen and I just left that.

Banknifty also fell initially and then in the second half it shot up. There was a V shape recovery.

OK. Now we know why zee rallied so much. They are planning to merge with sony. Today will be an interesting day for this stock. Thank god I did not take any trades in this. Since now the news is out, I can think of a trade today. Will post the trade on my social media once I take any.

India is now threatening UK to accept Covishield as they are creating discrimination for Indians.

Karnataka slashes stamp duty for affordable houses which are below 45lk. So you can expect Bangalore based real estate developers to rally.

Now all eyes are on the FED outcome. 

PM Modi is visiting the US. They may discuss more on Taliban, Defence and Covid related things. Nothing much for the stock market.

Everyone is closely watching the Evergrand debt issue as well as they have a payment due tomorrow.

The US markets closed in the red. But the Nasdaq managed to close in the green and it snapped its 2-day losing streak.

ITC has broken out and it looks like it will outperform. One can easily invest in this in long term. It's also a good dividend-yielding stock. In fact, for now, this is the only stock that I am holding in nifty50. 


  1. Most of my money is deployed in monthly expiry trades. I executed some short strangles with the remaining money which I had.
  2. I have taken the below trade in bajaj finance when it shot up 5% yesterday
    1. -1 X 7800ce
    2. -1 X 7800pe
  3. I am doing some experiments in futures and options trading combinations. Yesterday I did that and was able to make a profit of 4k with a capital of 2lak.
    1. The US markets closed in the red but the techs rallied and made nasdaq to close in the green.
    2. Europe closed in the green.
    3. Today the asian markets are mixed. SGX is suggesting a 35 point gap down.
  1. FII bought for 1000+cr and DII bought for 2000+ cr which is surprising.
  1. Crude is at $75
  2. $ is at Rs 73.7