Trade setup for 27th October



I am busy for another week doing aftermarket analysis video. Probably from next month I will do it regularly. I am held with many things. 

 Yesterday was another volatile session. Nowadays intraday movement of +or-200 points in nifty has become very common. I don't know if that should be considered as volatile or not.

Yesterday it was expected that banknifty would be volatile as we had a lot of bank results like Kotak, BaFin, axis which came aftermarkets. Banknifty fell 300 points then recovered. There was a lot of huge candles spikes which came but the trend did not continue and you could see sharp reversals. Finally, it closed in the flat territory.

Nobody seems to respect FII. They are selling continuously every day but markets are considering to fall at all. Has the FII participation become so negligible?? Have retail become so strong??

Today Axis bank results will play. Axis numbers were bad. So it will open in red. 

Yesterday it was auto, IT and metals which supported the markets.

Today you have Nykaa coming out with its IPO. This is the first startup that is in profit in its books and coming for IPO. All other companies are still at loss. Till now more the loss on the books, more was the premium and more was the movement on opening. Let's see how this opens. 

Today is also a big result day. You have bajaj auto, maruti, happiest minds, adani ports, itc, lnt, lumpin, zee, adani ent

Now it looks like more Chinese real estate developers may default and its important to see if that will move to other countries or not. China is now asking the promoters of the real estate companies to pay the credit form their personal holdings. Its possible in China which will not be possible in democratic countries. 

INTERNATIONAL MARKETS

  1. The US markets were flat.
  2. Europe closed in the green.
  3. Today the Asian markets are in red. Hongkong is down by more than 1%
  4. SGX is suggesting a negative start.

MY TRADES

  1. Now I am just waiting for tomorrow's expiry as I am in a pretty decent profit in all my trades.
  2. Adjustment will be done if an major move happens today else I will be either taking short straddles or short strangles with the remaining money today.
FII AND DII
  1. FII sold for 2300+cr and DII bought for only 1300+cr. Funny part is that markets managed to close in the green.
CRUDE AND $
  1. Crude is at $86
  2. $ is at Rs 75

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