Trade setup for 19th October

 Another all-time high at the markets. It looks like there is no stopping for the markets. Yesterday markets shot up more than 150 points and then in the 2nd half, there was a little profit booking which came.

Markets have shot up for 6 consecutive days now and markets have rallied around 1000 points in these 6-7 days. 

Yesterday was the day of metals, power and IT. The Chinese situation has been benefiting the power and metal sectors. Tata group of stock are on fire. Tata power, motors, chemicals are all on fire.

The stocks that came out with numbers were all in the red yesterday. HDFC bank lost 1%, HCL tech lost around 2%, dmart lost 8%. We have more results coming out this week and then we will get an idea of where the markets are heading.

Bitcoin is again back to $60000. As I told you before, everything is shooting up. The first bitcoin ETF begins trading today. So, it looks like cryptos are here to stay. Slowly, countries will now adopt it. It's better to have a small exposure in these as well. I am planning to invest some in major cryptocurrencies.  

Rakesh jhunjhunwala is also on selling spree. He has cut down his positions in many companies like MCX, fortis etc.

Today we have HUC and ACC results. These 2 will give an idea of how inflation is hurting them or benefiting them. 

The US market was flat but the technologies have again begun to rally. The FAANG stocks were the major gainers yesterday.

Finally, ITC is falling and is now one of the major contributors to the index.



  1. No new trades were initiated as I am fire fighting my trades. 
  1. Dow was flat and nasdaq shot up with FAANG contribution.
  2. Europe closed in the red.
  3. Today the Asian markets are in the green. China and Japan are up by more than a per cent. SGX is suggesting a gap of 80 points. 
  1. FII bought for 500+cr and DII sold for 1700+cr
  2. Now institutions are getting scared of retailers. 
  1. Crude is now lower. It is now at $84