Trade setup for 28th September



As I told before, index manipulation is happening and one or the other sector will stand up every day and the index will avoid collapsing. Yesterday it was autos, Reliance and the banks. Reliance crosses 2500. 
Maruti, tatamot, m&m all were the major gainers yesterday. 

We have another 150 points for 18k. It's just a matter of time when that will happen. Banknifty shot up and made another record high. Is there still room for the rally in banknifty?? 

IT is falling now. Not only in India. IT is falling worldwide. This might be due to the profit booking as IT has rallied a lot in this bul run. So a small correction will not harm that.

India vix is slowly inching towards 20. Its around 18 now. So will there be a huge move in the coming days provided this is the monthly expiry?

It looks like Angela Merkel will have to vacate after a long time in Germany. The German election did have some uncertainty in the global markets as well.

It looks like the Evergrand issue has been reduced.  The HongKong and the Chinese markets are reacting much to that now. For now, it looks like that there will not be any compounding effect. 

As many cities are opening up, companies like inox, pvr are getting ready for big releases. Now it will be interesting to see if people will go out or will they prefer OTT's.

Now the major immediate fear is the crude. Even that is inching higher and is now $80. Analysts are expecting it to reach 100 very soon. 

Raymonds is demerging its apparel and real estate biz. So today that stock will be in focus.

MY TRADES
  1. I executed some short strangles and straddles for the next month expiry. 
  2. I also executed the trade which I had told yesterday's blog as well. 
  3. I will be executing the below strategy today with 20 laks
    1. +2 X 17800pe
    2. -1 X 18000pe   This is the strategy on which I have done the video. You can check my youtube channel to understand more on this strategy. I will be doing another video on this strategy explaining some of the doubts which people have and will be giving a detailed analysis on the adjustment as well.
INTERNATIONAL MARKETS
  1. The US markets are consolidating. The IT which had rallied a lot is now correcting. Nasdaq fell around 0.5% yesterday
  2. Europe was in the flat terrain.
  3. Today the Asian markets are mixed. Japan in red, HongKong in green. SGX is suggesting a 50 point gap up.
CRUDE AND $
  1. Crude is at $80. This is a little disturbing factor.
  2. $ is at Rs 74
FII AND DII
  1. FII sold for 600cr and DII bought for 1400cr


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