Trade setup for 19th Jan

 Yesterday was a brutal day where SL hunting happened on both the sides. Nifty had closed in the green for 7 consecutive days in the futures. In the past 7 days and 9days have proved as a strong resistance. In the second half the nifty fell 200 points. The major contributor on the lower side was the IT and autos. Banks supported the market to some extent in the first half but later even they fell and contributed to the downfall. Banknifty was up by 500+ points. Then it went to red by 200 points and closed in the flat. 

Nasdaq futures were down by more than 1.5% yesterday and that caused fear in the Indian markets. Later 10 year yield came which was at 2 year high. 

Crude is at $90. Now the fear of inflation is back and it looks like it is real.

The US markets fell drastically yesterday. Dow fell close to 500+ points and nasdaq fell close to 3%.

Yesterday the midcap and small cap started falling which is clear indication that the markets were in no mood to go high.

Goldman sacks came out with numbers yesterday and it did not meet the street and it fell close to 8%.

Here, we have a splendid numbers from bajaj finance. It is back to precovid numbers. No wonder I get so many calls from bajfin for credit card and personal loan. 87% year on year growth. All analysts expected 57% growth. So this is splendid and today that will be the man of the match provided the markets support. Interestingly, it has already rallied from 6500 to almost 7500. Has this growth factored in or not? We will know that today.

Microsoft is buying Activision for $69 billion. Sony fell 7% in japan today because of this deal.


  1. Yesterday I sold nifty futures and I am carrying it for today. I am already sitting with good profits and lets see if there is more fall today.
  2. My view on paytm also did work as the bounce at 1000 was not a real bounce.
  3. For jan monthly series I have executed the below strategy
    1. +1 X 18300ce
    2. -1 X 18450ce
    3. -1 X 18500ce
    4. -1 X 18550ce
  1. US markets were in deep red
  2. Europe closed in the red.
  3. Today the Asian markets are in the red. SGX is flat.
  1. Crude is at $90. There is some tension in the middle east which is causing this rise. Some tenion between Iran and UAE
  2. $ is at Rs 74.5
  1. Now both are selling. FII sold for 1200+cr and DII sold for 200+cr