Yesterday we saw small swings in both directions and Nifty closed 15 points higher.
Infy gave up some of the gains made over last few days.
It was time for ZEEL to come to action and at one time Put 420 had moved to become profitable. So we wait for this trade to get in the money again.
Sunpharma too showed a good move. But we are so far away at Put 380 that we need another move like yesterday. Who knows what is likely to happen?
Not much changed for us. Gains from these two trades got adjusted with the other trades and we stay where we were.
We wait another day. Today there will be a lot of talk about Reliance results. Let us stay focused with our trades. Talk is free, trades cost us money.
My laptop keyboard got stuck and I am in a train typing on mobile phone. Please bear with the short post today.
No new trades for the day.
Trade cautiously, trade profitably.
Comments
vishal agarwal January 18, 2019 at 8:47 am
Posting from the train – Sir we should learn from your dedication.
Replyadmin January 18, 2019 at 9:14 am
Thanks.
ReplyI know readers wait for these posts. I should not disappoint them.
Ravi kumar January 18, 2019 at 9:46 am
Thank you sir!
ReplySunil January 18, 2019 at 10:40 am
That’s right.I do wait for it.
ReplyTharik January 18, 2019 at 9:39 am
Sunpharma happened to come ITM out of nowhere. Looks like a good trade for us in a long time awaits us 🙂
Replysrinivas b January 18, 2019 at 9:39 am
we got jackpot in sunpharma sir… can we book it now?
ReplyAnand Kumar January 18, 2019 at 9:44 am
Sir,
SUNPHARMA falls 9% more. At what stage do we think of moving to next PE?
ReplyT.sai January 18, 2019 at 9:46 am
Sir, we are waiting for the posts in other segment also. Kindly post the updates in the buy strength sell weakness strategy regularly.
ReplyJayanth B.R. January 18, 2019 at 9:59 am
Good Morning Sir,
ReplyBooked profit of 44K in Sunpharma put. This turned out to be a great pick this month.
“Patience is the key” as you keep saying. Thanks a lot sir!
admin January 18, 2019 at 4:25 pm
Let us be thankful to the market for the rewards.
ReplyCheers.
Sumit Ranjan January 18, 2019 at 10:09 am
Sunpharma does it again I bought 1st lot @3.35 and 2nd lot @.7 sold at 17. Thank you sir 🙂
Replyadmin January 18, 2019 at 4:25 pm
Congratulations.
ReplyTharik January 18, 2019 at 10:45 am
We missed SUNTV this time. It failed us last two times and its going down when we don’t have a PUT.
ReplySandeep January 18, 2019 at 11:35 am
Sir waiting for your workshop in Hyderabad
ReplyMR January 18, 2019 at 2:18 pm
Cipla 500 PE.. looks weak and it is 52 week low.. any comments?
ReplyTharik January 18, 2019 at 3:23 pm
I took this trade at 7Rs 9 trading days before. The stock is just moving nowhere. Waiting patiently.
ReplyTharik January 18, 2019 at 3:11 pm
Exited Sunpharma 380 PE at 18 Rs. Will try to enter lower strike put at lower price
Replyadmin January 18, 2019 at 4:24 pm
Congratulations on a good trade.
ReplyTharik January 18, 2019 at 6:54 pm
Thank you Sir 🙂
ReplyBadrinath January 18, 2019 at 4:09 pm
Sir, thanks to you. i got profit in sunpharma of 25000.
Replyi bought 400 pe at 2.5 and didnt move at all and came down to .55, i thought of closing it, but what will i get gain, nothing, so waited and boom today. as you said one right trade will get more benefit for us. patience is the key to success, so i remembered that n didnt close.
however there was already 50 points down today. im happy what i got and closed the trade at 25 with profit around 25k.
Thanks to you again.
admin January 18, 2019 at 4:24 pm
Congratulations on a good trade.
ReplyOur job is to stay patient and let the market reward us. Many trades will go wrong. It is those which go right in a big way that help us get some decent profit.
Cheers.
vishal agarwal January 18, 2019 at 4:41 pm
Finally, there was some mercy from the market in the form of Sunpharma whose 390 PE bought at 6.5 went from 50 Paise to 26 Rupees in just 2 days. Booked at 24 in the second half. Ashokley made a new 52W low still, 92.5 PE could not turn profitable yet. Hoping for the best.
ReplySaket January 18, 2019 at 7:18 pm
I broke the rules – again! I had purchased SUNPHARMA 380@3.65 and sold at 0.8. Pramod-ji had clearly instructed not to put your hands in the dustbin and in order to salvage a paltry sum, I missed a very wonderful opportunity of earning a handsome amount…. Anyways, congratulations to all those who stayed in the trade and sorry Pramod-ji for not following the rules…
Replyadmin January 19, 2019 at 8:26 pm
Dear Saket,
ReplyMarket is the best teacher. I had explained in the session you attended at Pune that salvaging small amount of money does not serve any purpose. You got Rs. 880 where the market was about to give you more than Rs. 13000.
Then we say that option buyers do not make money.
Cheers.
Nilesh S January 18, 2019 at 8:34 pm
Thanks Pramod ji for Sunpharma trade which moved in our favour in big way.
ReplyActually I had made some adjustments in Sunpharma trade few days back. Exited 380 Put and taken 430 Put at Rs.3 as I had faith in your conviction that Sunpharma will surely come down due to its weakness.
This 430 Put at Rs. 3 went till Rs.56 and I was able to exit at Rs. 55. Thanks to your learnings to be patient in correct trade.
admin January 19, 2019 at 8:19 pm
Dear Nilesh,
ReplyIf you waited till Rs. 55 for this option, I must congratulate you. For a good trade as well as the great patience shown. Apparently you have learnt the lessons very well.
Cheers.
Andy Roid January 19, 2019 at 11:41 am
Missed out on Infy (was concerned about stock’s sluggishness even during volatility) and Tatasteel as I didn’t take those trades; instead took Bharatforg, Zeel, Heromotoco and Sunpharma. Watched the losses mount, but Sunpharma 400 PE (entered at 4 and exited at 26) made sure that I won’t close this month’s book in negative. Reentered Sunpharma at 340 PE yesterday. Let’s see what’s in store.
Replyadmin January 19, 2019 at 11:50 am
Sunpharma made a sudden move to become profitable. But other puts too are still close to the strike price. Another 3-5% move in the lower side can make any of them profitable. If we get 8-10% move , we have another wonderful trade.
ReplyLet us see how it pans out over next 9 days.