Trade setup for 22nd Sept

 So it's finally out and it is 75bps hike in the FED interests. But the commentary from Powell was not something that the markets did not like. He told that there will be more hikes in order to curtain inflation.

The US markets fell after this. I expected that markets might reverse as markets had fallen a lot and felt that the interest hike would be factored in. Anyway, that was just a blind expectation. I did not take any trade with this view.

Our markets are very stable at the moment but the bigger question is, will we be able to maintain this when the world markets are falling? I don't think so. At some point, even we will crack and the fall will be bad. 

The cement stocks, IT, and metals that were rallying have now started to crack. Till now banks also had rallied. If banks also start falling then nifty will go down really bad. We need to see if banks fall. Seeing $ at Rs 80, I feel that even they will fall.

Nifty ATM straddle is at almost 250. So those who took this yesterday will get a decent profit at open. I have not taken any trade for today. Better stay away when there is a known event

Finally, the Adani stocks are falling. The fall started when the Adani group pledged the entire cement stocks that it had bought. I had taken a call ratio spread and that is in wonderful profit. Remember, whenever new strikes are added in the middle of the expiry, the stock may challenge the last strike but the chances of that becoming OTM is very high. I have seen this many times.

So for Oct series, the risk reward is on the short side. So most of my trades will be in shorting for October. I will change my view only when 18k is taken out on high side.

Snap, fedex, ford and now meta is telling that there is slowdown and they will reduce the workforce by 10%.

Now with work from home, people have started working for 2 companies simultaneously. Wipro has fired 300 people doing this.

Putin is moving troops to Ukraine and he is also threatening a nuclear attack. 


  1. Most of my trades for this month are in wonderful profit at the moment. I did not take any trade for today's expiry. Today I will execute a short straddle at open 
    1. -1 X 17550ce
    2. -1 X 17550pe
  1. Dow fell 500 points and nasdaq lost more than 1.5%. The futures are also in the red today.
  2. Europe also closed in the red.
  3. Today the Asian markets are in the red. SGX is down by 150 points.
  1. FII sold for 400+cr and DII bought for 500+cr
  1. Today $ will be 80+
  2. Yesterday crude fell and closed to $90 fearing that there will be economic slowdown.