Nifty moved lower significantly on Friday.
Now we are in a paradoxical situation. Few days ago we would have welcomed a down move unconditionally. Now we have a problem.
Our CALLS in RELIANCE, ICICIBANK and YESBANK lost money because of this down move.
The PUTS did not gain much. HEROMOTOCO did not move much. Only MARUTI had some encouraging experience and we have further hopes from it. Other trades again lost money.
Not a good day for us.
It reflects in the position chart.
But hope is not lost. We are still in with a chance to come out of the current mess. If we fail we just take it stoically and move on to next month.
Likely Trend for the Day :
Asia Markets are a sea of red this morning.
Dow Jones Index was down 1.77% on Friday.
As I write, SGX NIFTY is down 56 points.
All this is likely to have some impact on NIFTY too and we may see some decline today. The downward move may sustain till expiry or fizzle out as we have seen that there has been some disconnect between our markets and rest of the world over last few months.
Well, whatever happens we are already in there with our trades. For today, we stay with them. We look towards HEROMOTOCO and MARUTI to make a sharp down move and wish that RELIANCE stops its down move of Friday.
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.
Raveendran K A March 25, 2019 at 9:41 am
Markets have opened lower. The dream run in Nifty and banknifty has come to an end. Our puts may make good money this week.Reply
admin March 25, 2019 at 9:45 am
Nifty is down 100 points and we are not doing well. Calls are going bad and Puts are not gaining.Reply
Wait and watch.
vishal agarwal March 25, 2019 at 12:39 pm
Sir time and again Market proves that it cannot be bounded by any kind of logic. We just need to accept the fact and move on to next expiry and continue to do what we keep on doing i.e. follow the method that has worked in the past. The returns will be sporadic and come when all the hopes have been lost.Reply
Koushik March 25, 2019 at 3:12 pm
Sir, Lupin and Hindunilvr suits our 30 day and 7 day criteria. Lupin 720 PE is trading at 4.5 with lot size of 700 and Hindunilvr 1660 PE trading at 7 with lot size 600. I think its good for expiry week trade. Need your insight on this.Reply
MR March 25, 2019 at 6:19 pm
ZEEL looks weak past 1 week.. 400P.. looks good bet…Reply
arnab March 25, 2019 at 6:31 pm
I wanted to buy Raymond puts today, unfortunately it started only 2% down, i was tracking hindpetro, was about ti buy, but couldn’t, thank god, it went up, up and awayReply