NIFTY moved higher for yet another day .
This move had begun from the January Expiry day and continues unabated.
Nifty has moved up 283 points in just 4 days . Interesting part is that number of losing stocks is more than the gainers . Mid Cap and Small Caps are losing ground every day . Things may improve in the future for Nifty but a decline from the current levels looks more likely .
The Funny Explanations and YESBANK :
Before we talk of our trades , let us see how markets fool everyone and the experts are forced to eat their words.
Price of YESBANK made a high of Rs.235 on January 24 and moved higher to Rs. 245 next day.
Experts on TV were lavishing eloquent praise on the satisfactory quarterly numbers and appointment of Ravneet Gill as the next CEO of the bank.
Now it is back to Rs. 175-176 levels .
I do not think that Ravneet Gill has gone away or the results were faked. Why the stock lost more than 25% in few days if the development was so great that every expert was talking of levels above 300. Now they are silent .
Eating your own words doesn’t make a good meal. Poor chaps, these experts .
Status of our trades :
ZEEL had gone down to prove us right. But the rebound from Rs. 329 to 365 has made us wrong. The PUT 340 is still profitable .
M&M Put 660 went wrong yesterday .
GRASIM is making new lows on daily basis and PUin T 700 has done well so far.
HINDPETRO PUT 210 was bought at Rs. 5.00 yesterday. The quarterly numbers were announced after market hours yesterday and are weak. Normally the stock should go down but we never know. Recently we have seen many stocks go up on bad results and go down when the numbers are good . Let us see how it goes this time.
We are in a profitable position as of yesterday .
We stay with these trades. No new trade today.
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.
Dharma Tej February 6, 2019 at 8:20 am
Zeel strike price was Mentioned wrong in the answer. Instead of 340 its written as 420
admin February 6, 2019 at 8:45 am
Thanks. Corrected now .Reply
mani ram February 6, 2019 at 8:58 am
Hindpetro is 210 put sirReply
Baijal February 6, 2019 at 9:04 am
Also hind petro strike is 210.Reply
Amit February 6, 2019 at 9:06 am
please change strike price of HindPetro, you meant 210 I guess.Reply
Tharik February 6, 2019 at 9:45 am
Missed out RELINFRA on a big occasion.Reply
MR February 6, 2019 at 4:22 pm
Sebi should ban ADAG stocks,.. all investors are looking wealth.Reply
Sankha February 6, 2019 at 5:12 pm
All put buyers have made huge profits in ADAG stocksReply
deva February 6, 2019 at 7:42 pm
Hum ADAG ke peeche ADAG humare peeche too much fun.Reply