September 2020 — Options Buying — Day 19

This is what NIFTY did for the day. Of course it did not matter to our trades which were already closed. But I would like to share what one reader sent to me yesterday: This reader exited HINDPETRO PUT 190 Rs. 10.50 and set up another trade for October Series. The Buy price of PUT […]

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Bucking The Trend — October 2020 Series — September 23, 2020

Our trades did not buck the trend yesterday. The indices kept going lower, so did our stocks. In such an event, we are supposed to get the initial credit amount as profit. No issues with that. We can not have argument with the market and gladly accept whatever the market wants to give us. The […]

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Money In The Bank — October 2020 Series — Sep 23, 2020

Market showed signs of recovery but again gave up. Banking stocks were under pressure, this time the pressure was similar to the rest of the market. There was no special punishment for banks. That made our trades do very well for the day. One of the two gainers happened to be ICICIBANK. That also helps. […]

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Weekly Warrior — Nifty/ Bank Nifty — September 24 Expiry — Day 04

Another 96 point fall in NIFTY has turned us from Warrior to Worrier. After a positive open, NIFTY moved into the red immediately. Later in the day, it covered the entire fall and came back to flat. Once again it fell and that is when our hopes of any recovery faded absolutely. The story of […]

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September 2020 — Options Buying — Day 18

We are down and out already having booked a loss of Rs. 28500 for September Series. But nothing prevents us from watching the market. Monday was a great day for watching. There was enough drama to keep everyone interested. I would have enjoyed such situations in the days prior to October 2019 when SEBI messed […]

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Bucking The Trend — October 2020 Series — September 22, 2020

Yesterday the down trend emerged strong. There was no indication of it as the day began. Suddenly it was all gloom and doom as NIFTY tanked 254 points. BANKNIFTY was also not to be left behind and it cracked 664 points. We had planned to set up a CALL spread in HDFCBANK. That was done […]

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Money In The Bank — October 2020 Series — September 22, 2020

Yesterday around noon, markets made a big down move. Banking stocks were also a part of the move and the BANKNIFTY index fell 3.02%. The only gainer was KOTAKBANK. At one stage it was up more than 3% but could not resist the steep fall and was finally up by just 0.37%. Not bad considering […]

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Weekly Warrior — Nifty/ Bank Nifty — September 24 Expiry — Day 03

The beginning of the week was destructive to say the least. Monday began with Nifty sedately trading in the positive zone. Around 12:30 market decided to go for a dive and kept going down and down till it drowned us. Nifty moved down 254 points and Bank Nifty 664 points taking our trades deep into […]

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September 2020 — Options Buying — Closed on Sep 18

The sudden fall in NIFTY helped in reducing the loss a little bit on the day. It was a bad day for option buyers irrespective of whether you bought PUTS or CALLS. ASIANPAINT was up almost Rs. 30 and we had CALL 2020 gaining just Rs. 0.50 from the previous day. HINDPETRO was down by […]

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Bucking The Trend — October 2020 Series — September 21, 2020

Welcome back to Monday morning. On Friday, we had work to do. It was planned to close the trades in ASIANPAINT and INFY and set up new trades in HDFC, ITC and BANKNIFTY for October series. The closing was done early in the day. The outcome of this set up: A profit of Rs. 2865. […]

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