Not particularly a fan of FMCG. I absolutely do not like the idea of idiots graduating from IITs who go unto IIMs who in turn join these big FMCGs to sell hair oil and shampoos. To me it is a sheer waste of tax rupees flushed down the drain. So for that reason alone, I had decided long back to not invest/ trade in FMCGs. It is a sector I would avoid even if it gave me a 10x return in a single year.
I am unable to properly determine which direction crude oil shall take today. I am still sitting on the sidelines to confirm the direction. Best to sit on the sidelines until a proper signal is generated.
My next trade is going to be a small intraday trade on the Indigo counter. The stock has rallied beautifully. It still is a buy on the daily charts.
I am going to short with a small target only therefore! Usual disclaimers of tight SLs apply. Entry price is 1634.45 Might look at a 0.08% target from here.
From an observation viewpoint, Indigo 1600 Put Option May Expiry is priced at 23.8. I am interested in testing a hypothesis so will go ahead and buy at market rate or at 24.0 whichever is quicker to purchase.