Equityincome Desk

Less talk more action | Hedge-Master | Tweeting from experience

[Equityincome Desk @IncomeEquity]

https://t.co/GJFrEJDEqx

[Equityincome Desk @IncomeEquity]

The parachute and the plane

turned out to be going

the same direction.

[Equityincome Desk @IncomeEquity]

One day before Infosys results,

they announced an OpenAI partnership.

Not a coincidence.

A curtain.

The board at close today:

• Nifty: 24,173  down 205 pts 

• Sensex: 77,664 down 852 pts

• India VIX: 18.30  range hit 19.12 intraday

[Equityincome Desk @IncomeEquity]

India VIX hit 19.12 intraday today.

That's fear pricing 5 days before April expiry.

With Infosys results landing tonight.

With Nifty already below 24,200.

The premium sellers are very uncomfortable right now.

[Equityincome Desk @IncomeEquity]

It left because of something Gift Nifty cannot price: the decision to not be here.

Gift Nifty is not a map.

It is a rumor with a price tag.

The market opened at 9:15 and settled the argument in 8 minutes.

It always does.

[Equityincome Desk @IncomeEquity]

Gift Nifty MASSIVE MOVE last night: 24,849.

Crude oil: crashed 9%.

US markets: green.

Iran deal: confirmed.

The gapup that was coming was 495 points.

Nifty opened at 24,420.

Sixty-six points. That's what survived the night.

Let's understand what just happened.

[Equityincome Desk @IncomeEquity]

FIIs have sold ₹40,289 crore of Indian equities in April alone.

A ceasefire in the Middle East is good for the world.

It is not automatically a buy order for Indian stocks.

Crude falling means lower import bill. True.

But money that left India didn't leave because of crude.

[Equityincome Desk @IncomeEquity]

The 52-week high was 26,373.

Today we closed at 24,231.

We celebrated like we won something.

The market did not heal today.

It just learned to walk with a better limp.

[Equityincome Desk @IncomeEquity]

Every public holiday in India is a gift.

Not to retail traders.

To the people who trade while retail traders are resting.

April 13. Nifty closed at 23,842.

Iran-US talks collapsed.

FIIs sold ₹1,983 crore in a single session.

The chart looked like a funeral.

[Equityincome Desk @IncomeEquity]

Here is the story you were not told today.

India's exports to West Asia fell 58% in March.

The Strait of Hormuz is under active US naval blockade.

FIIs have exited ₹46,704 crore from Indian equities this April.

Nifty is still down 7.42% for the year.