Welcome to Monday morning.
Countdown to September Series expiry has begun. We have just 4 days to go.
Today is the pivotal day.
What happens today after the big down move on Friday?
Will there be a recovery?
Will the slide continue?
US markets were down on Friday and Asia is down this morning. How will it affect our market?
This is what makes Monday mornings intriguing.
This is how SGX NIFTY and other indices were looking at 7:45 AM.
Status of Trades:
I am having following trades in position for September Series:
HDFC futures SELL — 1 lot
TATAMOTORS futures SELL – 1 lot
BHARTIARTL futures SELL — 1 lot
SUNPHARMA futures SELL — 1 lot
NIFTY 18500 PUT SEP 29 — 1 lot
BIOCON 280 PUT SEP 29 — 1 lot
SUNPHARMA 840 PUT SEP 29 – 1 lot
TATAMOTORS 420 PUT BUY and 400 PUT SELL — 1 lot
In addition, there is a SELL trade in BPCL futures for October series.
I am approaching the day with 10 trades in position.
Out of these, BHARTIARTL and SUNPHARMA futures are losing big amounts while TATAMOTORS futures has done very well.
Among the option trades, the profit mainly comes from NIFTY 18500 PUT.
It is planned to close all the September series trades today and set up a few trades for the next month.
A look at the MTM as on Friday, September 23:
Hoping to add something more today. We leave it to the market.
All the best to the readers.