Trade setup for 22nd October

 Sorry, yesterday I could not do a post-market video as I had to rush out. 

Yesterday was a very volatile session at the markets. Markets closed in red for 3 sessions after rising for 6 consecutive sessions. Nifty was very volatile. It gapped up fell 300 points and then in the last hour, it shot up 150 points. I can say that I was lucky that I was able to close some of the positions which I had in time. The reason was I wanted margin for adjusting my Mindtree trades. So I closed some which were in profit at the opening. 

Banknifty closed above 40k. I did not expect that to happen. In the last hour, it was the banks that took it higher. Banknifty shot 600 points in the last hour. I had spread at 40000ce(sell) and 45000ce(buy). When the rally began at 2:30, I immediately closed it since I sensed some danger as bankifty was almost flat for the entire day which is not the character of banknifty especially on expiries. I just thought that today 9:20 straddle would have made a wonderful profit and the rally began.  

Asian paint came out with numbers and it has fallen 5%. Other similar companies like Pidilite also fell. 

This is the chart of nifty and I will wait for 20DMA to be broken to go short. Like every time, this may be a trap for bears. But the markets are weak which can be seen in the midcaps. You cannot be short without confirmation.

Yesterday the dragger was Reliance, IT, pharma and metals. Tata motors and banks supported the markets. Kotak bank shot up 6%.

Mindtree fell 8% and recovered some after their COO left the company. This month, the Mindtree trade has been very volatile for me. After the results, it shot up 8% and I had to do adjustments and yesterday again it fell 8% and my adjustment trades are now in danger and I had to do the further adjustment. We still have 5 more days. Let's see how it goes.

Vodafone shot up after it took moratorium which was expected. I would recommend this for long term investment and I have also invested in this. What never kills you just makes you stronger.

Today JSW steel and TVS will react to their numbers which came yesterday aftermarkets.

Today you have RIL results but that is aftermarkets. Monday you will get the impact of icici and RIL earning. It's better to close positions as it can be volatile on Monday and the impact is unpredictable. I am expecting RIL to gap up on Monday and ICICI bk to gap down. Again, fingers crossed. I have trades in RIL which is very safe for now. I thought of taking a trade and doing a live video on youtube but Mindtree fall blocked my margins so I could not do it. 

Finally, Evergrand has made its first payment. Will this change anything ??

SEBI has asked advisors not to advise on crypto.


  1. Yesterday was expiry and I was able to close all the weekly position in profit. The profit was low as most of the positions were in monthly and stock options.
  2. I had to do a lot of adjustments for the Mindtree trades. Still, the positions are in loss only. Let's see how this week will play.
  3. I will take the below trades in ICICI bank for nov series
    1. +2 X 750pe 
    2. -1 X 760pe
  1. Dow closed in mild red yetserdy after being in green for many days.
  2. Nasdaq closed in green.
  3. Europe closed in red.
  4. Today Asian markets are mixed. SGX is flat
  1. FII sold for 2000+cr yesterday and DII bought for only 400+cr
  1. Crude is off its high. It's now at $84.22
  2. $ is at Rs 74


  1. overall very good analysis - please consider to add view of IGL /MGL/Guj GAS/LNG Prtronet and GAIL. I think its a value buy time now


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