Trade setup for 14th Feb



 Things have changed a lot over the weekend. The main thing is the Russia-Ukraine issue. Tensions are escalating at the border. The US have deployed troops over the border. The US and UK have asked their citizens to leave the country. Many flights are getting diverted from Ukraine. Today the Ukaraine president and Putin are meeting. Putin and Biden did speak over the phone in the weekend. Now crude is soaring. It's now close to $95.

Elections have begun in many states. In some days the result will be out and that will add to some uncertainty.

LIC IPO will be there very soon and govt is diluting 5% in an OFS. This will be a big issue and I am planning to apply for this.

Rahul bajaj, the man behind the iconic chetak passed away on Saturday. 

It looks like people have forgotten Covid as people are freely roaming and even the news channels have stopped reporting it.

Today it looks like 17200 will be taken out and from now it is a sell on rally market until the Russian issue is resolved. 17200 was strong support which is out now.

FED action is also another thing which is uncertain. For now there are a lot of uncertainties in the market and markets don't like uncertainties. 

For now the US futures are slightly in the positive. The Asian markets are in deep red. SGX is suggesting a 200 point gap down.

On Friday the US markets closed in the red.

MY TRADES

  1. Today in the second half if the markets are below 17200 then I will turn bearish and I will execute the below trade
    1. +1 X 17500ce
    2. -1 X 17600ce
    3. -1 X 17650ce
    4. -1 X 17700ce
  2. If there is follow through tomorrow then I will aggressively increase the volume of the above trade
INTERNATIONAL MARKETS
  1. Japan is down by more than 2%
  2. US is beaten down but the futures are slightly in the green today. Is that good enough for markets to bounce back today??
CRUDE CRUDE AND CRUDE
  1. Its at $95 now. If escalation at Russia increases further then $100 will be taken out easily. If $100 is taken out then markets may crash further as sentimentally markets will be weak. India will be most impacted country if crude rises.
 




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