Trade setup for 15th Nov



 I was on vacation for all these days. Now I am back at my desk. 

All these years, the US markets were falling due to unemployment. But now they are going up when corporates are announcing layoffs as that would reduce their expenses. It's a crazy world out there. 

Many companies, especially techs have decided to lay off their employees. Twitter has fired many. Amazon will start to give pink slips for 10000 from this month. Meta has fired many. 

Now nifty is inching to an all-time high. It's just a matter of time before this will happen. So use the dips as an opportunity to go long in this market. Banknifty has made an high. So from now that may take a backseat. 

If nifty has to make a high then it will be led by RIL. Now reliance is going sideways. There will be a day when it will rally and nifty will make that unfinished biz.

I will go long aggressively if 18500 is taken out as that will give more certainty that ATH is a guarantee. Will that happen on a gap?? we need to wait and watch.

Now that the earning season is also almost over. So we need to see what will that trigger be for the markets to go higher. 

Biden and China's Xi met at G20 and the meeting has been good and exceeded expectations. 

Warren buffet has disclosed $4billion stake in a taiwan semiconductor company. 

MY TRADES

  1. I felt 2000 was costly for adani ent few months back. Now it is at 4000. The good part is, whenever there is a huge movement, I sell some deep OTM call and make a decent profit. So This rally has not been that bad for me as it has given me good profit in trading. For this month, I have sold 4450ce at 20. Yesterday it was close to 10. 
  2. I am executing the below trade
    1. +1 X nifty futures
    2. -1 X 17400ce
  3. I am executing the below trade in adani ent for next month
    1. +1 X 4000ce
    2. -3 X 4500ce
  4. My algos are back to running. There is a small issue with my kotak sec account which they are not solved yet. Yesterday there was a loss of almost 500 and for this month the also is in a profit of almost 1.5%. Lets see what is in store for the next 8 trading session.
INTERNATIONAL MARKET
  1. The US markets closed in the red. The last hr was bad for the US markets. Dow came from green to red in the last hr
  2. Europe closed in the green
  3. Today the Asian markets are in good green. SGX is suggesting a 50 point gap
FII AND DII
  1. Yesterday FII bought for 1000+cr and DII bought for 45cr
CRUDE AND $
  1. $ is cooling off. Now it is close to Rs 81
  2. Crude is close to $93
Overall, there is no major reason for the markets to collapse from here unless some unexpected thing happens. So use dips for going long




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