Option Buying Once Again — Closed on July 27, 2021

The fall in NIFTY along with some of the stocks where we were in the PUT trades provided a good exit opportunity yesterday. AUROPHARMA came very close to the strike price of Rs. 900. In the same manner ADANIPORTS touched 660 level but did not go below that. Same story with ZEEL. But all this […]

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Nifty Call Spread — August 2021 Series — July 28, 2021

Monday — NIFTY down 31 points Yesterday– NIFTY down 78 points That is 109 points over two days. Sold CALL 15800 JULY 29 could not give us more than 98.35 points. Bought CALL 15000 AUG 26 could lose whatever NIFTY lost. Big down moves are not helpful to this strategy and it was effectively proved […]

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Money In The Bank — August 2021 Series — July 28, 2021

On a weak day for the benchmark NIFTY index, BANKNIFTY was also weak. NIFTY lost 0.49% while BANKNIFTY was down 0.44%. Banking stocks did not lead the fall though AXISBANK and KOTAKBANK were prominent losers. The fall in KOTAKBANK was not good for us. HDFCBANK and ICICIBANK just managed to stay positive. That was enough […]

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Not So Lazy — August 2021 Series — July 28, 2021

On Monday, NIFTY was down 31 points. Yesterday the down move was significant and one point it was -123 points. Some recovery towards close helped NIFTY close with a loss of 78 points. The weakness was distributed over all sectors with PHARMA being the worst performer. But there is no pharma stock among the top […]

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