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.

For INFY, these are the closing details:

Result of these trades:

A profit of Rs. 4320.

In the last 6 days of trading ( Friday to Friday ), we had set ups and booked these profits. Profit from RELIANCE set up was Rs. 6363.

Total profit Rs. 13548 in 6 trading days with maximum margin blocked of about Rs. 370000. For the present, the result is good. We need to see that it remains that way.

We move on to October Series:

It was possible to get the trades in ITC and BANKNIFTY.

In HDFC we never could find a credit of 15 points and the trades were not initiated.

The Trades:

Position at close of day:

For the day, the result is fine. How it goes from here is to be seen.

New Trade:

We could not get the trade in HDFC.

We can set it up with HDFCBANK. This stock is also week over 30 days and 7 day period. That makes it a candidate for bucking the trend trades.

Likely Set Up:

Buy CALL 1060 @ Rs. 50.00

Sell CALL 1080 @ Rs. 41.00

Sell CALL 1140 @ Rs. 21.00

Credit — Rs. 12.00

If the stock price keeps going lower, we get to keep the initial credit amount.

If the stock moves higher, the profit will be in the range 0-20 from Rs. 1060 -1160.

Actual prices will vary but we shall look for a credit of at least Rs. 11.00.

Trade cautiously, trade profitably.

Disclaimer: This post and examples are for teaching purpose only and are not meant as advice/suggestion to trade in these stocks. Trading in Futures and Options can lead to big losses and should be done with appropriate knowledge and advice only. Mentioning the stocks here does not imply that I have a trading position or likely to take a trade in these stocks.