Weekly Trading Diary: 7th to 11th March 2022

[Tradingqna]

A thread for discussing all your trades, strategies, ideas, news, stories, etc.

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A look at what the markets been up to in the week ended March 4.

Indian markets continued to remain under selling pressure with Sensex shedding 2.7% and Nifty 2.5% over the week. Down for the fourth week running.

Things were not any different globally as well, apart from KOPSI, all other major indices were down. European indices suffered the most with FTSE tanking around 6.7% while Dax and Euro Stoxx around 10% each.

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Here’s how the sectoral indices performed;

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Key economic events for the week;

	7 Mar			8 Mar			9 Mar			10 Mar
China	Trade Balance (FEB)		US	Trade Balance (JAN)		Japan	GDP Estimates (Q4)		Eurozone	ECB Interest Rate Decision
			Eurozone	GDP Estimates (Q4)		China	CPI Inflation (FEB)			ECB Monetary Policy Statement
										ECB Press Conference
									US	CPI Inflation (FEB)
										Jobless Claims

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What are you looking forward to in the coming week? Share below

[Prakashsingh]

Good Morning Folks
What a day to trade markets.

We are slated to open around 15800 levels… With rupee touching ATH of 77 against dollar and crude touching 130 odd levels intraday.

We do have our big local event as well with exit polls coming out today.

What are you trading picks today?

[t7support]

Just Nifty options as usual

[jashjacob]

Goldbees counter is sparkling.

[jashjacob]

ONGC Counter going bonkers! Was in the Upper Circuit limit just a minute ago.

[jashjacob]

Looking at ONGC, the last time it moved so much with volumes was back in October.

[Tradingqna]

Nifty and Sensex tumbled more than 2.5% as crude oil prices skyrocketed, driving global markets into a brutal sell-off. US markets look set for a poor start.

Brent Crude: 125.3 +6.09%
USD INR Spot: 77.114 0.90%
India 10Y Bond yield: 6.891 +1.14%

Almost all sector indices closed the day in the red. The top gainer was Nifty Metal, up 2.10%. Nifty Realty was the worst performer, losing 5.47%.

Amongst the F&O stocks

ONGC was the top gainer.
J K Cement Ltd was the top loser.

In the news

TCS plans to overhaul its organizational structure with specialized groups targeted to help startups as well as large global firms as it gears up to double its revenues to $50 billion before 2030.

Zydus Lifesciences has received approval from the DCGI for Oxemia, a first-of-its-kind oral treatment for anemia associated with chronic kidney disease.

L&T launches B2B market platform for MSMEs, L&T SuFin. Will allow businesses to source industrial supplies digitally and cost-effectively. It will also provide working capital to MSMEs from an array of banks and other financial institutions.

JK Cement slipped over 11% after the company said its board approved an investment of Rs 600 crore into the paint venture, which will be infused over a five-year period.

Around the World

Inflationary fears triggered a rush for safe haven investments during the ongoing market volatility that pushed up the global gold price to $2,000 per ounce on Monday.

European stocks hit one-year lows on Monday, with Germany’s blue-chip index looking set to confirm a bear market as Western countries mulled a Russian oil import ban, raising the prospects of broader inflationary risks and slowing economic growth.

[Tradingqna]

Nifty and Sensex rebounded from day’s lows to close around 1% higher, snapping four day losing streak. US markets too, look set for a positive start.

Brent Crude: 127.3 +3.35%
USD INR Spot: 76.983 -0.13%
India 10Y Bond yield: 6.896 +0.12%

All sectors ended the day on a positive note except for Nifty Metal, which fell 1.48%. Nifty Realty was the top performer, surging by more than 3%.

Amongst the F&O stocks

Indraprastha Gas was the top gainer.
J K Cement Ltd was the top loser.

In the news

Info Edge has acquired 76% stake in online dating firm Aisle for Rs. 91 cr, set to focus on matchmaking segment.
The government of India is expecting its central bank digital currency (CBDC) to be rolled out this year, said FM Nirmala Sitharaman.

The Bombay High Court has allowed Future Enterprises to sell its stake in insurance joint venture Future Generali to Italian partner Generali.

Alembic Pharma received the final nod from the US Food and Drug Administration for its nystatin and triamcinolone acetonide ointment, used in the treatment of fungal infections.

Adani Ports and Special Economic Zone Ltd. has signed an agreement with IOC towards augmentation of IOC’s crude oil volumes at Mundra Port. Enabling it to handle and blend additional 10 mmtpa crude oil.

Around the World

European Union leaders will agree at a summit this week to phase out the EU’s dependency on imports of Russian gas, oil, and coal, a draft statement showed, marking a turning point in its policy towards Moscow prompted by Russia’s invasion of Ukraine.

China’s stainless steel futures soared 12% to a record high on Tuesday, powered by sky-rocketing raw material nickel prices on supply concerns due to the Ukraine-Russia crisis.

[Prakashsingh]

Good Morning Folks

Yesterday’s last hour move seems to have changed the extreme short term dynamics of the markets.

As we have an event tomorrow (Election results) - it is possible that our markets may remain isolated from global markets for a day or two. 16200-16400 zones which acted as support earlier may show some resistance.

When there’s too much dependence of conflicting news once in every hour which moves the mrkt, it becomes tough to trade. Im trading with less qty than usual.

Risk reward looks better in financials for 1-2 days

[jashjacob]

@Prakashsingh

extreme short term dynami

Good short covering.

I am seeing good decay in many strikes for NF. I am personally still holding short straddle at 16100 at market open.

[jashjacob]

Ladder to heaven on NIFTY

[Tradingqna]

Benchmark indices surged for the second straight day, up over 2% as indices globally rallied after days of selling. US futures are trading higher, indicating a gap-up opening.

Brent Crude: 124.18 -3.81%
USD INR Spot: 76.56 -0.45%
India 10Y Bond yield: 6.845 -0.73%

All the sectoral indices surged higher except the Nifty Metals index. Nifty Media was the top gainer, up by over 4% followed by Nifty Realty, up 3.05%.

Amongst the F&O stocks

Indiabulls Housing Finance was the top gainer.
Coforge was the top loser.

In the news

Cabinet approves a National Land Monetisation Corp with an initial authorized share capital of Rs 5,000 cr for CPSE Asset Monetization

Equity mutual funds attracted a net sum of Rs. 19,705 crore in February, making it the 12th consecutive monthly net inflow, amid a highly volatile stock market environment due to the current geopolitical situation.

After declining 40% last fiscal because of Covid-19, revenue of brick and mortar (B&M) apparel retailers will grow 20-25% on-year this fiscal, driven by strong recovery in demand despite the third wave of the pandemic, said Crisil.

Aviation Stocks surge as the Ministry of Civil Aviation has allowed resumption of scheduled commercial international services starting March 27, 2022.

Around the World

Cooking oils are facing “a perfect storm,” with as much as 60% of sunflower oil exports from the Black Sea region delayed because of Russia’s invasion of Ukraine

Kazakhstan keeps interest rates on hold following an emergency increase last month, even after Russia’s invasion of Ukraine sent the tenge to the world’s second-biggest slump.

The Biden administration has told US shale producers to do 'whatever it takes’ to increase supply and tame oil prices that have soared following Vladimir Putin’s invasion of Ukraine.

[Prakashsingh]

@Prakashsingh

Risk reward looks better in financials for 1-2 days

Blast in Financial scrips on the upside

@Prakashsingh

Yesterday’s last hour move seems to have changed the extreme short term dynamics of the markets.

Worked well.

What next from now ? 16800-16900 is a strong resistance zone now. Looking at risk reward , I would be exiting my longs now and focus on individual stock play.

[jashjacob]

Just ripping to the moon.

@jashjacob

Ladder to heaven on NIFTY

[Tradingqna]

Benchmark indices continued their upward momentum for the third day running following positive sentiment in Asian markets. US markets look set for a poor start.

Brent Crude: 115.94 3.46%
USD INR Spot: 76.30 -0.33%
India 10Y Bond yield: 6.813 -0.47%

Majority of sectoral indices ended the day in the green. Nifty FMCG climbed the highest, up 3.03%. The only sector in the negative was Nifty IT, which fell merely by 0.12%.

Amongst the F&O stocks

Astral was the top gainer.
Coforge was the top loser.

In the news

Exide Industries has reached an agreement with Chinese company SVOLT Energy Technology for a multi-year technological partnership to make lithium-ion batteries for electric vehicles (EVs).

L&T surged as the construction infrastructure major’s arm L&T Construction won a significant order worth 1000 to 2500 cr from Delhi Metro Rail Corporation (DMRC) to design and construct the underground metro project of Phase-IV of Delhi MRTS.

Jindal Steel and Power on Thursday posted an 8% jump in sales at 5.90 lakh tonne for February 2022. In a statement, the company said it sold 5.47 lakh tonne (LT) steel in the same period a year ago.

Zydus Lifesciences on Thursday said the US health regulator has issued three observations after inspecting its Jarod (Vadodara) based manufacturing facility. USFDA inspected the injectable facility from February 24 to March 10, 2022.

Around the World

Amazon jumps on plan to split stock by 20:1 ratio, buyback up to $10 bn; Amazon is planning to split its stock for the first time in more than two decades in a move that will end an era of four-digit stock prices for the biggest US technology companies.

Oil dropped 12% yesterday for the worst day since November as Iraq said it could increase output if OPEC+ asks. Secretary of State Antony Blinken also signaled that the UAE would support increased production by OPEC +.

South Africa reports its largest current-account surplus on record as import demand was suppressed by the economy recovering from the pandemic and the value of gold exports rose.

Euro-area economic output will shrink in the second quarter because of Russia’s war in Ukraine, with inflation likely to climb toward 8%, according to Goldman Sachs.

[Prakashsingh]

Markets today can be summed up in 1 sentence :

Calm after the Storm

There’s this weekend factor , VIX cool down which are not letting market go up or down.

I believe we may operate in 16400-800 broadly with breakout of this zone giving 200-300 points more. Till then, lets focus on stocks

[AlgoEye]

@Prakashsingh

Calm after the Storm

“mini” storm after the storm! Premiums are not falling in intraday at all( slight rise in IVs) .Also Big moves in Small timeframes(mini storms), Quick Scalpers markets .

[Tradingqna]

Nifty and Sensex ended flat in a choppy session, amid global market weakening. Dow and Nasdaq futures are on a rise, signaling a positive start for US markets.

Brent Crude: 111.36 +2.03%
USD INR Spot: 76.59 +0.37%
India 10Y Bond yield: 6.864 +0.81%

Nifty Pharma was the top performing sector for the day, surging 2.45%. Nifty Auto was the top loser, down by 0.4%.

Amongst the F&O stocks

GNFC was the top gainer.
Dalmia Bharat was the top loser.

In the news

ICICI Bank announced that it has signed an agreement on March 10, 2022, for investment in National Asset Reconstruction Company Limited (NARCL) to acquire 5% stake in the company for Rs. 137.5 cr.

Automobile dispatches fell 23% in February, as various supply-side challenges, including shortage of semiconductors and a rise in vehicle prices due to the implementation of new regulations, continued to have an impact on demand, as per industry body SIAM on Friday.

Ahead of its IPO, LIC’s net profit surged to Rs 234.91 cr in September – December quarter (Q3FY22), owing to the change in surplus distribution model, wherein shareholders will now get a larger share of the surplus than earlier.

The shareholders and creditors of Reliance Industries have voted in favor to transfer its gasification operations into a wholly owned unit, the company announced today.

Reliance Infra hit Upper Circuit after the Delhi High court directed Delhi Metro Rail Corporation (DMRC) to pay Rs. 6,330 cr to a subsidiary of Reliance Infrastructure in line with the arbitration award passed in 2017.

Around the World

Propelled by surging costs for gas, food, and housing, USA’s consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come.

Britain’s economy rebounded much more than expected in January from its coronavirus-related lull in late 2021. According to data on Friday, GDP grew by 0.8% MoM in January after a 0.2% decline in December raising the likelihood of an interest rate hike next week.

The European Union will not impose sanctions on Russian gas or oil, Hungarian Prime Minister Viktor Orban said amid a summit of EU leaders in France.

China’s tech selloff deepens as the Hang Seng Tech Index plunges up to 8.9% as delisting fears alarm traders.