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Showing posts from October, 2021

Trading and Investment Setup 05-October

Overall Market Sentiment This is very confused today. The OPEC meeting did not turn out to be great. They are NOT going to increase the oil production, so the prices are going to remain high. That means BANKNIFTY will most likely not do great. There was another major problem that came up. Facebook plunged in the US since they had a downtime of more than 6 hours. This led to NASDAQ falling by close to 2% in a day! This did not sustain and we can see a recovery. However, there is a China Taiwan crisis looming on the horizon. So International Markets and especially the Asian markets are going to remain choppy for some time to come. India is in a sweet spot. FIIs and DIIs were both buyers yesterday and this trend is likely to continue today offsetting some negativity.  NIFTY AND BANKNIFTY Nifty has opened relatively flat and I think it will remain rangebound, between 17500 and 17750 for the week. Then we have results coming out, starting with TCS on October 8. So if you want to buy these,

Trade and Investment Setup 4 October

The global cues are still weak. But we are seeing some signs of improvement. Bad news first - Evergrande trading has been suspended in the Hang Sei market (Hong Kong) stock market for the next few days. Their index fell more than 2 %. That is huge. In general the Asian markets were under selling pressure. For NIFTY, a gap up opening was assumed looking at SGX NIFTY. It is hovering around 17650 as of publishing this post. I will not enter into a trade until it crosses 17700 and stays there for at least half an hour. There is a lot of anxiety and this may result in some profit booking. BANKNIFTY is up by close to 1% by now and we can expect some profit booking right now. I will just wait and watch. There is not much for me to trade with. I have signed up with Zerodha over the weekend and will buy a few bonds or gilt funds this week. I intend to use this as a pledge for getting my collateral margins in place. As for India, the signs are positive, and the results are coming out from the ne

Trade and Investment Setup for October 1 - Plans and Results

I have started actively trading and investing in the Equities and Futures and Options markets. This is a simple journal of what I do and why. The format will be simple. I will jot down my points during the start of the day and make some plans.  During the day, (when the market opens), I will execute them. After the market ends, I will note down my observations and see where we stand and how far the strategies worked and why. Disclaimer: This is my personal journey. I am not a financial advisor of any sort, so copying my trades or scrips is NOT recommended. Background After rallying almost 1200 points, Nifty finally showed some weakness and and has come down from the highs of 17950 to 17600. That is a big fall. I see a few major problems:  US bond yields are getting higher. Source There is an ongoing energy crisis ongoing. Coal is in short supply, gas stations are running dry . Monthly expiry was on September 30. This led to a lot of positions closing. Ok. This was a minor point. FIIs h