Trade setup for 15th Feb



 It's only Russia, Russia and Russia.

The US issued a statement that Russia can invade Ukrain anytime. This triggered the fall. FII selling intensified and markets fell drastically.

In the morning, SGX was suggesting a 150-200 point gap down. But once our markets opened, there was no short-covering rally. It was a trending market on the lower side and every minor rally that came was sold into. 

Has this been factored into the market? For now, it looks like everything is factored into the market. But you never know. FII selling is intensifying day by day.

Today's trading session will be very important as we are very close to the 200 DMA. If there is follow-through on the downside and if 200 DMA is crossed then you can expect more fall in the market. Else 200 DMA will be very strong support. For now, SGX is suggesting a gap up. We need to see if this will have to follow through on the upside or not. 

Jio has invested $200m in a glance. Glance is a mobile screen lock app. I had a hard time removing it from my mi phone. 

Crude shot up as soon as the US came out with that statement and yesterday crude fell shortly. Still, it is above $95.

Vedanta is planning to manufacture semiconductors in India.

Yesterday WPI inflation data came out and it was at 12.96. It has been double-digit for the 10th consecutive month.

MY TRADES

  1. Yesterday, I had to do a lot of firefighting trade as I did not expect a 500 point fall in a single trading session. 
  2. Now I have sold some deep OTM puts to take delivery if markets fall further.
  3. Today in the second half if 200 DMA is not taken out then the easy trade is 
    1. +1 X 16800pe
    2. -5 X 16500pe
INTERNATIONAL MARKETS
  1. The US markets closed in the red but it did not crash like us. It was just a minor cut.
  2. Europe closed in the red and they lost around 2%
  3. Today the Asian markets are slightly positive. SGX is suggesting a 100+ gap up
CRUDE AND $
  1. Crude is at $96. Now all are telling that it will touch $100.
  2. $ is at Rs 75
FII AND DII
  1. Yesterday FII sold for 4200cr and DII bought for 2000+cr.
  2. I wonder how much have FI invested. They have been selling for such a ling time and I wonder how much more do they have to sell.

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