Trade setup for 7th April

 As I expected, the FII buying in the last week of the financial year was for tax adjustment. I clearly told that we need to wait for the first week of data to get clarity. Now FII is selling like before. 

Now I am pretty confident that 18k may not come anytime soon if this selling continues. I will turn bullish only when 18k is taken out on a closing basis with follow-through on the next day.

HDFC twins have given back the gains that they made after the gap up on the merger day. They have given up more than 50% of the rise that they made on the merger news day. So whoever bought on the news day with FOMO is now trapped. 

The international markets are also weak as there is a new sanction on Putin. Also, there is an Omicron XE variant in China due to which they have locked down many cities. Now, this has been identified in Mumbai as well. So will the covid fear take over the markets?

Today, zee investor Invesco will be selling their stake in the company in the block deal. So today FII/DII data will include even this. 

Govt to sell stake in IRCTC. 

If you see the events, all are dumping stocks on the retailers by taking the advantage of the bull run. FII selling aggressively, lot of IPO's, govt selling stakes. I don't see this as a good sign for the market. I may be wrong but I prefer to stay away from the market. I will do more trading than investment now.  

Tomo we have a RBI policy and all are expecting a hike in the rate. We have the FED policy which will happen in sometime. I will wait for the FED action to take further action on my investments.

The FED has decided to reduce its balance sheet drastically which was one of the reasons for the fall in the US markets. It will reduce by $95 billion per month.

Tata Motors came out with a new EV SUV called curvv. So this stock is rallying.

The Srilanka crisis is worsening day by day. The president has revoked the emergency. There is no power, fuel, or essentials.


  1. Yesterday, in intrday trading I was able to make 19k with a capital of 20lk.
  2. Today is expiry and I have to do a lot of firefighting trades as the markets were very volatile this week. It started at 17600 and went all the way to 18100 and is now back to 17700.
  3. Today I may not do intraday trades as I will be busy in firefighting in my weekly trades.
  1. The US markets closed in the red after FED was coming strongly. Nasdaq fell for 2nd consecutive day as the techs will be the hit.
  2. Europe closed in the red.
  3. Today the Asian markets are also in the red. SGX is suggesting a 100 point gap down
  1. FII sold for 2200cr and DII bought for just 600cr
  1. Crude is at $105
  2. $ is at Rs 75.75