Trade setup for 31st March



 Today is the last day of this financial year. It has been a great year for me. The PnL of last year was better than this year. Obviously, your profits are meant to go down when there is no leverage. But I am happy with the profits I have made for this year.

Today is the monthly expiry as well and you can expect the markets to be volatile as there will be a lot of profit and loss booking which will be happening for taxation purposes. I had bought Paytm sometime back for 650rs. Today it is close to 500. So I will be selling that today and will be buying that tomorrow. I can show that as a loss in my books so I need not pay tax for that amount. The catch is, there should not be a huge gap up tomorrow. This is not there in FNO. If it was in FNO then I would sell ATM PE. Currently, I don't have any FNO stocks in my portfolio which are in loss. So I can do that. 

Now crude is set to fall as the US has decided to release 1 million barrel per day from their reserve as inflation is high in the US. Everyone was expecting fed to do something. It looks like the govt has now taken the driver seat.

For the month of April, markets may go higher as fed may not take aggressive action if inflation comes under control. Now even FII have started buying. But wait for 1st week of April which will give a clear picture. As I told, last week of financial year data may be misleading.

Citi group is leaving India and their consumer biz is taken over by axis bank. 

Today another round of peace talks between Russia and Ukraine

 MY TRADES

  1. Today I have dedicated a good amount of money to doing expiry trades. I will be executing ironfly today.
  2. I am bullish for next month. One can safely execute the below trade
    1. +1 X 17000pe
    2. -3 X 16800pe
    3. -2 X 16900pe
INTERNATIONAL MARKETS
  1. The US markets were in the red.
  2. Europe closed in the red
  3. Today the Asain markets are in the red. SGX is flat to positive
CRUDE AND $
  1. Crude is again below $110. Yesterday it fell close to 4%
  2. $ is at Rs 75.9
FII AND DII
  1. As expected, FII are buying. Are they really buying or year end factors?? We will come to know in the next week.
  2. FII and DII bought for more than 1000+cr . After many many days this is happening.


Comments

Post a Comment