A flat day for NIFTY.
A slightly better day for our trades.
All based on one good trade in INFY. As mentioned yesterday, INFY CALL 700 was sold for Rs. 35.00 and CALL 740 bought for Rs. 9.00. Some profit is booked and we are in the trade if INFY keeps on moving higher.
ZEEL showed extreme volatility yesterday. It moved up to Rs. 475 and then came down to Rs. 450 levels.
HEROMOTOCO was also a loser for the day but still losing money for us.
But we are in better shape than we were two days ago.
Let us hope that we do not give back the profits now. Memories of a not so good December are still lingering.
It is futile to guess about the market direction on a daily basis but based on international cues we may see a day similar to yesterday. How it impacts our options is to be seen.
Some readers have asked about exiting INFY trade. I would suggest the same — Exit CALL 700 and enter CALL 740 or CALL 750 depending on how much further risk you can take in this trade.
We do not take any new trades today. Let us see how the current trades perform during the day.
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.
Badrinath January 17, 2019 at 9:48 am
how about the other trades like yesbank, indiabull housing…which you took.
Anand Kumar January 17, 2019 at 11:23 pm
Jan 21st is mentioned as the date when margin requirement to hold f&o increases. If margin not available in account, it is mentioned that position will be started off.
Could you please suggest what needs to be done?Reply
admin January 18, 2019 at 8:22 am
We are option buyers. No impact for us.Reply
Balaji January 17, 2019 at 5:50 pm
Hi Sir –
What’s your view on SEBI’s recent decision to increase Options Margin requirement?