What a day?
It was all about the resilience of the market. Surgical Strike was taken into its stride by the market and it had moved into positive territory at one stage. It was quite a contrast from September 29, 2016 when it was only one way downwards.
The picture tells the story better than the words.
What could be the further impact? I am clueless.
There is no point in guessing as the market will keep fooling all of us at all times.
Our position more or less remains the same. We are now set up for a losing month and it would be wise to accept it gracefully. There is no point in fighting the market.
New Trades For The Day :
I would avoid new trades for today and just watch the present ones. Hopefully, IDEA PUT 30 would work out.
Trade cautiously, trade profitably.( If not now, then next month )
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.
venkatesh acharya February 27, 2019 at 2:32 pm
sir i think nifty is acting like mad dog……. what to say sir………..Reply
when panic arises it will go up one side,in other side itll come down like men fel down into whater.
sir please find a solution for this type of market.
admin February 27, 2019 at 5:49 pm
Let us respect the market whatever it does. Sometimes we make money, at times we do not but market is to be respected all the time.
Solution to such kind of moves is:
Do not over trade.
In options buying our loss is already known.
Keep your cool.
MR February 27, 2019 at 4:04 pm
Can we file case against zerodha stock broker..? Worst brokerReply
admin February 27, 2019 at 5:51 pm
You can change your broker if not satisfied with the services of the present one. Filing cases will serve no purpose.Reply
Raveendran K A February 28, 2019 at 12:14 pm
True. Filing cases is a waste of time and energy.Reply
arnab February 27, 2019 at 8:43 pm
I am holding tatapower 60 pe @70 and icicibank 330 pe @5.5. Let’s see.Reply
MR February 28, 2019 at 8:09 pm
yesterday zerodha outage. It fails in most critical days. And it came in news also…. We could not modify or cancel or sq off of place order in zerodha untill 1 PM. Very frustrating all gains washed away and became loss.Reply
Pramod Dhane February 28, 2019 at 11:53 am
I am having an A/C with Anand RathiReply
I am planning to open A/C in zerodha.
Is there any issue?