A very flat day for the broader market.
In 9 days of trading in this month, NIFTY has moved up from 10792 level to 11343. A 550 points gain has come very swiftly. Out of these 9 trading days, only 1 day was slightly negative while other 8 days ended with gains for the Index.
Expecting PUT options to do well in this kind of trend is asking too much. The problem was that even one CALL which we had was not doing well all the time. It performed a little in the last two trading days and that is some consolation.
The trades in HEROMOTOCO which had gone bad initially is showing signs of a changing trend. But it has already lost considerable value and we need a sharp decline in the stock price to have a chance in this option. HINDPETRO can be classified as a completely lost case now. BIOCON and INFY are still in with a chance and so is DRREDDY.
We take the trades based on a method and then there is not much to do. The second part is not to over trade as big losses cloud the judgement and that makes taking new trades very difficult. The third part is to keep our belief when the trades are not doing well. It is very easy to stay in the trades which are making money. The test comes when the options prices go south and days are ticking away. Passing that test is important.
Yesterday’s moves did not do much for our trades. The little gain in YESBANK was taken away by the loss in DRREDDY and BIOCON.
The position improved slightly compared to previous day.
Once again, Asia Markets are in the green, SGX NIFTY is up 19 points and it looks like a positive open for the NIFTY. What happens after that? Your guess is as good as mine.
No new trades today.
Trade cautiously, trade profitably.
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.
Comments
vishal agarwal March 15, 2019 at 8:32 am
Sir today Infosys is in news for its buyback approval. Lets see how it goes.
Replyhttps://www.moneycontrol.com/news/business/markets/stocks-in-the-news-infosys-chalet-hotels-jubilant-foodworks-strides-pharma-cmi-tide-water-3649101.html
Satyajeet March 15, 2019 at 2:32 pm
untill 255. above close comes, it will struggle a lot.
ReplyRaveendran K A March 15, 2019 at 9:49 am
YESBANK has broken out of resistance at around 240 level and is well poised for a further move up. Consequently, Yesbank call has a good chance of performing well in the days to come.
Replyv uday kumar March 15, 2019 at 10:35 am
Given that both NIFTY and Bank NIFTY have gone up high, can we take short positions on these, assuming these will correct by end of month ?
If so, what is the recommended level and premium one can bet? Please advice.
Replyvishal agarwal March 15, 2019 at 1:20 pm
Yesterday we were discussing when Index moves it takes along all the stocks. See how Yesbank is resisting to tag along with its Index. Banknifty is up 1.65% while Yesbank is down by similar %.
ReplyYOGI March 15, 2019 at 4:38 pm
I had suggested 3 trades on 6th March on this blog n i had given targets for each of them n 2 out of 3 had reached targets in a day .. I did hold all these trades following Pramod sir strategy yo squeeze more profits ( i had suggested targets for others to book soon!!! ) n u can see i have doubled my capital in 9 days …
Investment : 62900
Profit : 68000
Percentage : 108%
Time duration: 9 days
BUY ICICIBANK MAR 360 CE at 10 n trgt 12 ( TODAY 37.5 :- 75K PROFIT )
buy AXISBANK MAR 740 CE AT 17 N TRGT 20 ( TODAY 17 ;- 3600 LOSS)
buy M&Mfin mar 440 ce at 12 n trgt 15 ( TODAY 9.3 :- 3375 LOSS)
NET PROFIT 68 K IN 9 DAYS !!!!!!
ReplyKrishna March 15, 2019 at 6:37 pm
Yogi sir,
ReplyCongrats on your successful trade. I like who people who can implement things or learning.
Start writing as you are one of the best money market guy with the result you get. Doubling capital isn’t a joke.
My side suggesting is you start giving tip & also charge share in profit. 👍👍🙏🙏
Santosh Bhat March 15, 2019 at 6:33 pm
Question is would you stay till 37.5 in ICICI BANK CE?
Replyyogi March 17, 2019 at 7:34 am
HI Sir .. As soon as i double my capital i would exit my trades as im happy n content with the returns .. Even RBI nor world bank will give u 108 percent in 9 days .. SO if i can double my capital every month then its 1200 percent per year .. SO im content so i will not hold but i have entered other trades to double it once again ..
ReplyRk March 17, 2019 at 7:57 am
So, you feel all your trade will get doubled? what if you continuously fail to pick right trade and loose all or money?
ReplyYogi March 17, 2019 at 2:19 pm
Ur right in questioning in terms of choosing right trades .. I trade 30 stocks in 2 hours in intraday n all reach targets .. this is the level of accuracy in techinals.. As there is no room to upload screenshot I’m not able to post .. When I can pick 30 stocks in 2 hours then its easy for me to pick stocks for a week in terms of options .. I have demonstrated my skills in live market .. As u have not seen accuracy by yourself so its tough for u to believe I completely agree with that … Even Pramod sir makes lot of money but sir waits till month end but I exit as n when my invested money is.doubled .. So all r right in their own strategy but just that they have their own targets … It’s a zero sum game when it comes to stock market as somebody s loss is.someone else profits .. So its when to book profits choosing right trades is the key sir … I have been doubling.my capital invested regularly every month … This requires lot of practice n observation in live market before actual trading … I can suggest few more trades for.next week too … As I’m more interested learn from all of u so expecting more suggestions in terms of trades than just one way .. I have done my bit n shown my accuracy too .. So its others turn now ..
ReplyShishir Chakraborty March 15, 2019 at 8:40 pm
Hello sir, your blog are rare sources of quality education brimming with experience. I have been your silent follower and this month I have taken only one trade based on my limited TA knowledge on 4th Mar 19 and still I have not closed it as I believe in your saying that ” RIGHT TRADES SHOULD BE KEPT RUNNING’. The option HDFC CE MAR 1950 @ 11.00 rs have matured to 47 Rs. Today it peaked to 61.5Rs but I did not closed it as it is approaching its 52Week High and I have 8 trading days left in this month. Should i close it or leave it open as it is a ITM option now? Regards.
Replyadmin March 16, 2019 at 1:21 pm
I would suggest moving to a higher strike price call. That way a good part of profit is booked and you are still in the trade if the up trend continues.
ReplyCongratulations on a good trade.
Cheers.
Shishir Chakraborty March 16, 2019 at 5:12 pm
Thank you Sir. Seems like knowledge imparted in your blogs are flourishing monetarily in my portfolio. Buying of near to ATM call would cost me high as HDFC has reversed strongly and taking OTM calls would have less possibility as trading days are limited given the wrath of Theta play. What strike price should be considered appropriate on Monday if I book my profits for present call? Regards
ReplyRaveendran K A March 16, 2019 at 1:17 pm
Bears will be butchered in this market. With IT reversing, everything seems to be going up in March 2019. By expiry indices will be at all-time highs.
Replyadmin March 16, 2019 at 1:22 pm
Expiry is 8 trading days away. Let us see how things pan out.
ReplyCheers.