The market has shown high volatility over the entire October series.
Many new traders find it difficult to handle the abrupt moves. Options are the best way to trade such markets and that was the attempt this blog has made since I started writing here in January 2018.
The market is not even establishing a trend. So bucking the trend is also a question. This uncertainty has helped our trades to do well in October Series.
Let us just go through how the trades performed in September and October Series:
Results for September Series:
RELIANCE ——- Rs. 6363
ASIANPAINT —- Rs. 2865
INFY —————– Rs. 4320
Total from 3 trades —– Rs. 13548.
Results for October Series:
ITC — Set 1 ————— Rs. 4000
BANKNIFTY Set 1 ——- Rs. 4860
HDFCBANK ————— Rs. 4923
ITC —— Set 2 ————– Rs. 4000
BANKNIFTY Set 2 ——– Rs. 3925
TCS —————————– Rs. 7185
COALINDIA —————– Rs. 4255
NTPC ————————— Rs. 4560
POWERGRID ————— Rs. 3200
9 trades 9 profits.
Total Profit —- Rs. 36908.
There are two sets of trades which are currently in position. One is in ONGC and the second is in ITC. Both are showing a positive result presently.
Profit from 12 trades — Rs. 50456.
The going has been very good so far. Let us hope it continues that way though we know that it would be a tall order.
We keep on doing what we do. Results are left to market.
That is all for the day.
Enjoy the weekend. Please be back here tomorrow for sharing of few more trading ideas.