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, this is probably your chance. I have.

BANKNIFTY is going to stay neutral and slightly depressed till the quarter results come out. The RBI monetary policy is anyway unlikely to change in the short term, so we are good.

I don't intend to take any positions today. I have a carry over long position from last week. I am good with that.

Comments

Operational Situational Summary - Ukraine 2 March

From a glance at the map and the news reports, it appears that the Russian advance has been very slow or even checked. However, a deeper look shows the situation has worsened significantly for Ukraine. That this happened as per my expectation in the past few posts makes me feel worse. In the North, the Russian forces have already encircled Chernihiv in the past couple of days. This is not yet fully updated on this map. The two strong armored spearheads from Konotop (which had also fallen) are currently holding in Pryluky and Nizhyn. The Chernihiv garrison probably has a day or two before the Russians reach Kozelets. Then any breakout attempt to Kyiv will become extremely difficult and will likely result in very heavy losses. It is to be expected that this city too, will fall soon without affecting the battle of Kyiv. This is bad for Ukraine. Now that the International Community has rallied for Ukraine, the previous fears of Russia dealing with breakaway republics in the East should be

Growing up

Time affects everything and everyone We all grow up. After college, friends go places, to different states and far away countries. You get less and less time. Some go for higher studies, again, in other states. Parents get older. Then friends start getting married. First it’s usually the girls. One by one, your crushes tie the knot. You dismiss it, you are still young. Then your guy friends start getting married too. Your circle shrinks. In the end you look around. All you are left with are ideological nutjobs, immature imbeciles, idealistic crazies, bohemian hippies, or other misfits. Do you really belong here? Okay, that was too harsh. But you think. You say to yourself, ‘ dil to baccha hai jee ’. Okay, fair enough. And then... Then, you see a growing pot belly. Something you always despised. Your dad had one (he still does). After taking a shower, you look at the mirror. You are losing hair. You search on Amazon for hair growing products - it is too much of a hassle. Hair transplan

Operation Situation Report Summary - Ukraine 4 March

Defense Without Strategy Ukraine seems to be hell bent on fighting a static war without almost any flexibility. Their forces may be valiant and defiant, but without a coherent strategy, the best they can hope for is to prolong their own suffering WITHOUT significantly hurting the enemy. Here is how the situation stands as of now. Kherson has fallen. The front in the South was decisively broken day before yesterday with the capture of the railway station and port. Naturally, the Russian forces did not wait and moved straight North to Mykolaiv. All UA forces on the Dnepr facing South are likely to be outflanked. Unless the Russian spearheads are cut off and destroyed in a day or two, it will be too late. The fall of the entire South seems to be inevitable. To extricate the forces, UA should have withdrawn forces from other sectors (including far away Donetsk front). Now, the best they can try is to win time to reinforce Kyiv. Kharkov is almost surrounded. This battle seems to be fought

SG OwnBlog

Search This Blog