Market was closed yesterday.
We wait eagerly today to see what is in store today. Whatever the predictions be, the fact is that we do not know which way the markets will go. We just depend on the data in front of us and based on the data make an assessment of the likely outcome.
When right we are hero.
When wrong we are zero.
Zero to hero or hero to zero is the story of market behaviour.
NIFTY was up on Monday. Ask the people who bought PCJEWELLERS what they got out of NIFTY gain. Their stock was down 20% in a single session. But one has to have a selection process and we have seen our simple method working out in the past two months. Success of a method is not judged over short periods. We shall stay with the same method for some time irrespective of how it goes and then only come to a conclusion.
For the current month, it is 2 Right and 4 Wrong trades. It is early days yet so it is not a cause of big concern.
As I had written in yesterday’s post, it was not possible to initiate all the trades in Options on Monday. we may get the opportunity today with our revised price range.
For the two trades which could go through, here is the performance review at the end of day:
Daily profits are just notional. They can go wrong in the blink of an eye. You make money when you get out of the trade. Till that time it is just theoretical.
One More Selection :
Recently ICICIBANK has not been performing well. Among private sector banks this has been the worst performer. There has been a rebound from the low of April but it can slide back again on any news.
We can add ICICIBANK PUT 270 to our selections. Can be bought in the range of Rs. 5.30 to Rs. 5.70.
SGX NIFTY this morning is indicating a flat open for the market.
There is a chance that most of the trades suggested in yesterday’s post may go through at the prices mentioned.
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.
Jayanth B.R. May 2, 2018 at 12:52 pm
Thanks a lot sir for your daily analysis. This is a fantastic method to learn options trading. Could not buy ICICIbank put option.Reply
Madan Mohan May 2, 2018 at 5:16 pm
Dear Sir, What should be appropriate strategy in view of the special events that are to pop up in the middle of this expiry. 1) Karnata Elections 2) ICICI Bank Board meeting on 7h and 3) Hindustan Unilever Board meeting on 14.Reply
Mahesh May 3, 2018 at 9:04 am
Thank you, made money in hpcl and HUl and exited.Reply
admin May 5, 2018 at 8:42 pm
Well, lucky you.Reply
HindLever reersed next day.
V.Narayanan May 12, 2018 at 11:31 am
Pramodji your analysis are excellent and also very much practical.Reply