NIFTY moved in a range on Friday without doing much. Finally it ended up with a small gain which was quite less than what it looked like earlier.

It was planned to close the trades by 11:30. Seeing the positive momentum building up by that time decided to wait for sometime. Finally ended up closing just after 3 pm.

Profit would have been better by closing a little earlier and would have been worse if delayed by another 15 minutes. These situations arise all the time. There is no perfect solution to them. We just do our part. Some months, we get benefit out of timing. At other times, we get some loss. Eventually it does not matter.

The gist of the story– July series ended with a reasonable profit– much better than what we got over last few months.

Two of the sold stock PUTS lost money. Other 8 gave good to average profits. Overall it was a decent gain.

Summary of profit/loss since the series commenced on this blog:

With 9 profits out of 11 months, we can say that the strategy is consistent though the extent of profit varies considerably.

Presently the capital required for this setup is around Rs. 15 lakhs.

The return over 11 month period is 25.76% which is not spectacular but can be called a decent return.

Once again, I would like to make the point that we need few more months to conclude about the effectiveness of the strategy.

But for the present, we agree that it works.

Enjoy the holiday.

Let us be back here tomorrow for the new trading week.

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.