New strategies

Buy PNB 840 PUT @ 19/-
Wait if it generates profit and book profit if it reaches 25/-.
Or if it (840 PUT) starts going down then buy PNB future @ 867.05, Target 925.
Exit both Future and 840 PUT at the same time.
Be invested in this strategy for about a week.

Buy SUZLON 20 PUT @ 1.45. Book profit at 1.85/2.00
If it starts going down then buy Suzlon Future @ 20.25.
Book profit in this strategy if Suzlon Future crosses 20.90/22.05.
Exit both Future and 20 PUT at the same time.
This strategy is for about week.

Last month was very bad!

Last month was not good, many strategies failed, some opportunities lost.

Date	Strategy	Result
December 04, 2012	Buy SBIN 2200 PUT @ 46 Sell SBIN 2150 PUT @ 28	loss 2250
December 05, 2012	Buy IDEA 95 PUT @ 1.75 Sell IDEA 90 PUT @ 0.90	Loss 3600
December 09, 2012	Buy TCS 1250 PUT @16.50 and sell TCS 1200 PUT @ 5.50	This strategy generated descent profit
December 13, 2012	Buy BHARTARTL 300 PUT @ 2.00.	Loss 2000/- This strategy had shown profit but I did not book it.
December 16, 2012	Buy ONGC 250 PUT @1.6 Buy ONGC 270 CALL @ 0.90	Loss 2500/-
December 17, 2012	Buy NIFTY 5800 PUT @ 16.80 Sell NIFTY 5700 PUT @ 6.00 Sell NIFTY 6100 CALL @ 7.60	Loss 160/-
December 17, 2012	Buy DLF 210 PUT @ 1.70 Buy DLF 230 CALL @ 1.70	Loss 3400/-

DLF and TATAMOTORS Strategies

1)

Sell DLF Future at current level around 220 and Buy DLF 220 CALL around 3.
Maximum loss 3000/- and if it goes down till about 200 which appears to be strong support till expiry, this strategy has profit potential of about Rs. 16000 to 17000/-

2)

Sell TATAMOTORS Future at current level @ around 299.50 and buy TATAMOTORS 300 CALL @ around 4/-
Maximum loss could be around Rs. 4500. TATAMOTORS has first support @ 288 and second @ 279. Hence this strategy has profit potential around Rs. 15000 to 16000 @ expiry.

There is lot of talk about US fiscal cliff, so there is possibility that market may react to it and shall show slight bearishness. If NIFTY stabilizes in range of 5820/5780 then there could be up move again in expectation of rate cut in January 2013. I see 5786 and 5726 as clear mega hurdles for NIFTY to continue bearish trend.

DLF

DLF is highly volatile stock.
It is rate sensitive stock and shall be governed by RBI credit policy. Presently it is hovering around 219.
It could easily cross 230 on upper side and 210 at lower side before expiry.
Hence,
Buy DLF 210 PUT @ 1.70
Buy DLF 230 CALL @ 1.70
Maximum loss RS. 3400 whereas there is unlimited profit potential if it trades below 208.30 or above 231. 70 at the time of expiry.

Strategies for the week

Options:
NIFTY is unlikely to cross 6100 before this expiry. It could go towards 5750 if RBI does not cut rate/(s) on Tuesday.
Keeping this assumption in mind

1)
Buy NIFTY 5800 PUT @ 16.80
Sell NIFTY 5700 PUT @ 6.00
Sell NIFTY 6100 CALL @ 7.60

Maximum loss could be Rs. 160/per lot if NIFTY does not go below 5783 by end of the month.
Maximum profit could be Rs. 2340/lot by end of the month if NIFTY closes below 5700..
Exit this strategy if there is spurt in market (in case of RBI rate cut) and if NIFTY goes near 6050 Or at least book loss in 6100 CALL if NIFTY goes near 6060. But as mentioned this could be very difficult to happen.

2)
Buy ONGC 250 PUT @1.6
Buy ONGC 270 CALL @ 0.90

Strategy will make profit if ONGC closes above 272.50 or below 247.50.
Maximum loss could be Rs. 2500/- with unlimited profit potential.

New Strategies

CENTURYTEXT met target but one can still hold till 410.

For today:
Sell KTKBANK future @ 155.80; Tgt 146.50 SL 159.00
Sell AXISBANK future @ 1306.20 Tgt 1280/1231.40 SL 1360
Sell JPASSOCIATE @ 101.40 Tgt 98.45 SL 103.50
Buy HDFC future @ 877.75 Tgt 896 SL 869

Buy BHARTARTL 300 PUT @ 2.00.
Maximum risk is Rs.2000, maximum profit potential is unlimited.

Strategies for this week

Sell CENTURYTEXT future below 435.50 Tagt 414.30 SL 445.50

Option strategy:
Buy TCS 1250 PUT @16.50 and sell TCS 1200 PUT @ 5.50
Maximum loss will be around Rs. 2690 and maximum profit could be around Rs. 9800.

Disclaimer: This blog does not take any responsibility of your profit/loss.

New Strategies

In all probability there could be gap up opening tomorrow. It will be interesting to note whether NIFTY sustains at higher levels.

Sell IDEA future @ 96.75 Tgt 95.65/93.20 SL 98.70
Buy JUBLFOOD @ 1298 Tgt 1330.10/1335 SL 1242

OPTION STRATEGY
Buy IDEA 95 PUT @ 1.75
Sell IDEA 90 PUT @ 0.90
Maximum loss 3600 and maximum profit could be 16600, IF IDEA reaches 90 at end of the month.

Disclaimer: This blog does not take any responsibility of your profit/loss.

New Strategies

Buy SBIN 2200 PUT @ 46
Sell SBIN 2150 PUT @ 28

Maximum loss 2250
Maximum Profit 4000

Buy Ranbaxy future above 520.10 Target 527/532.65 SL 508

Disclaimer: This blog does not take responsibility of your profit or loss

New strategies

Options:

Buy 1850 PUT BAJAJ-AUTO @ 17.35
Sell 1800 PUT BAJAJ-AUTO @ 8.00

Maximum loss in this strategy could be 1168 and maximum profit could be just over Rs.5000/- by end of the month.

Buy TATAMOTORS 270 PUT @ 6.00
Sell TATAMOTORS 260 PUT @ 3.10

Maximum loss in this strategy 2900 and maximum profit could be Rs.7100/- by end of the month.

For futures
Sell HINDUSTANUNILEVER @ 539.85 Target 535.80/530.25 SL 547.90

Tomorrow is expiry day!

NIFTY could easily see 5680 level tomorrow.
It could go down further too up to 5665.
Sell WIPRO future @ 373.80 target 366/362.10/361 SL 377.60
It seems I have to bear loss in KTKBANK and INFOSYS strategy.

Disclaimer: This blog does not take any responsibility of your profit or loss.

New Strategies

NIFTY continued uptrend and sustained convincingly above 5600. It could try to go down tomorrow but again it will make all efforts to touch 5600. Maybe bear positions could be squired off near 5580. NIFTY will find itself in very difficult spot to go below 5535.
Fresh longs could be created if with strict SL at 5580.

Sell RELINFRA future @ 457.90 for target 440 SL 461
Sell JSW STEEL future @ 715.35 for target 695.30 SL 727.50
Sell IFCI future @ 28.05 target 27.60/26.80 SL 28.75
Sell BAJAJAUTO future @ 1810 target 1792.10

This blog does not take any responsibility of your profit or loss.

Moon Harshal (Uranus) effect on Friday last week

Moon Harshal were in closed proximity at 2.30 pm on Friday and market suddenly took upward direction based on Greece data!
There is high likelihood based on global cues market will continue upward trend tomorrow morning.
Please check SLs for LT and RELINFRA
LT Stoploss 1605 and Target 1568
RELINFRA Stoploss 459.50 and target 449

Sell ZEEL Future @ 207.50 Tgt 198.10 SL 208.50
Sell KOTAKBANK @621.40 Tgt 618/615.10/611.50 SL 634
Sell JPASSOCIATE @ 88.75 Tgt 87.15/85.85 SL 90.75
Buy TATAMOTORS @ 263.85 Tgt 267.65/269.10 SL 261.10

Disclaimer: This blog does not take any responsibility of your profit or loss.

New strategies

If NIFTY crosses convincingly 5650, it could reach easily 5690 in spot.
Risky traders could could generate a short position near 5640-50 with SL of 20 points.

Book part profit in IRBINFRA 130 CALL option @ 1.60.

Sell LT future below 1580.50 Target 1545 SL 1601
Sell Sesagoa future below 165. 30 target 163.90/162.80/161.20 SL 168.20
Sell RELINFRA future below 453.45 Target 450/448 SL 461
Buy Coal India future at 357.55 for target 365 SL 349

New Strategies

Market will react to parliamentary session tomorrow.
It could continue up move during the day. NIFTY could easily touch 5690 level before turning down again. In my view market is still in "sale on rise" mode. This view could change if NIFTY convincingly crosses 5740 in very near future.

Buy JPASSOCIATE Future only if it goes above 88.80 target 90.40/92 SL 88
Buy RCOM future only if it goes above 63 target 63.70/64.5
Buy KTKBANK Future if it goes above 141.50 target 143.10 SL 140.30
Buy TATAMOTOR future if it goes above 268.30 target 271.80 SL 264.20

Buy IRBINFRA 130 CALL option @ 0.45/0.50 for target 2.65. Risk reward ratio is very good. Hold this position till stock reaches 129/130 in future during next three/four days.

Disclaimer: This blog does not take any responsibility of your profit and loss. 

Update on old strategies

ICICI BANK and LT option strategies are showing descent profits and it is advisable to book part profit here,
KTKBANK shown some downward movement yesterday and I booked profit in 170 CALL option, bear spread strategy is still in place. There is small loss still though in this bear spread strategy.

For today one can sell IBREALEST future only if it goes below 61.10 for targets 60.65/59.50/57.7 with strict SL 62.35.

Disclaimer: This blog does not take any responsibility of your profit and loss. 

New strategies.

All stocks recommended yesterday did reasonably well. JP Associates met target and then reversed!
Market is in downtrend.It should go below 5580 for trend confirmation.
However, there is no trigger for market for either directions. Hence this is time for some stock specific moves.
I am holding all my Option strategies. There is some loss in KTKBANK strategy but still it is worth holding. I expect 3rd wave to complete at 147.5/148 and it should start moving towards 125.

Buy RELINFRA future @ 481.65 target 486.45/489.00
Buy TATASTEEL future @ 384.40 target 390.30
Buy SBIN future @ 2170 target 2193
Sell AMBUJACEM @ 206.70 target 204.90/202.10
Sell TCS @ 1292.20 target 1260
Sell INFY @ 2280 target 2232
Sell AUROPHARMA @ 171.35 target 168.80/160.90 SL 173.60
Buy STER @ 101.60 target 103.10 SL 100.90
Sell HEXAWARE @ 102.60 target 93 SL 104.10


Disclaimer: This blog does not take any responsibility of your profit or loss.

New Strategies

Sell JP Associate future @ 89.35; target 88.60/87.75 

Sell Tatacomm future @ 238.80, target 236.50/235.90

Sell Optocircuit future @ 114.15 target 111.90

Sell M & M future @ 905.85 target 897.35/884.50

Disclaimer: This blog does not take any responsibility of your profit or loss. 

Strategies for November 12, 2012

Finally market shown some signs of correction. It may not last long, however, still one can easily expect 5550 level for NIFTY in near future.


Option strategy for week starting from November 12, 2012.
Enter into this strategy only if LT goes below 1619 in future.
Buy LT 1600 Put @ 22 and sell 1550 PUT @ 9. Maximum loss could be Rs. 3250 whereas strategy has profit potential of Rs. 9250/- at expiry.

Future strategies.
Sell IFCI future only if it goes below 29.55 target 28.35 SL 30.05.
Sell LT future below 1618/1619, target 1536, SL 1651
Sell ONGC future below 256. 20. target 242, SL 257.80
Buy RELINFRA future only if it goes above 480.40, target 488.20 SL 477.10

Disclaimer: This blog does not take any responsibility of your profit or loss.

And loss goes up

My all bear spread positions are making loss. Presently nothing is working, however, I expect situation to change starting from Monday due to change in planetary positions. I am holding all my positions.
As of now all global markets in EU and US are in red but one never knows, as usual NIFTY could be in green tomorrow morning!!
Tomorrow day could be driven by SBI results.

Perhaps one can
Sell KARNATAKABANK future only if it goes below 140 for target 135.30 SL 132.80 SL 144
Sell SBIN future only if it goes below 2198 for target 2135/2060 SL 2204

Disclaimer: Blog does not take any responsibility of profit or loss.

My loss has gone up!

With my limited understanding of market, I don't see any reason for such an upward trend. It was stated in all news channel win of Barak Obama enthused Indian market. This is hard to believe. No other market, including US has responded so positively to his win. Hence either there is some other reason or there is real too much strength in our market.
It is also difficult to digest that entire world now has faith only in Indian economy and all investors are pumping money in India. So there is some other reason which is guiding the market.

My loss is increasing, but still holding all positions, except partly booked loss in NIFTY 6000 call.

PCR for December first time gone down substantially.
I bought NIFTY 5800 call for hedge.
But all my main positions are still bearish.

Sell YESBANK future below 421.50 Target 416.40/409.50 SL 427
Sell TATAMOTORS future below 269 target 259.50 SL 275.75

Disclaimer: This blog does not take any responsibility of your profit/loss.

IDFC

Most of the markets are down except Singapore NIFTY!
If our market starts going down then
Sell IDFC Future at 164.20 Target 162/ 160.70/ 159.90 SL 168.30

Update and new strategies

All my strategies are presently not doing well.
I am still holding them with losses.

Better to buy two lots of NIFTY Future above 5775 and book profit in one lot after 20 points.
Sell KOTAKBANK future below 629.90 for target 623.15/617 SL 639
Sell AXISBANK future if it goes above 1242 for target 1205 SL 1272
Sell IDBI future @ 98.25 Target 96.70/96 SL 100.40

Disclaimer: This blog does not take any responsibility of your profit or loss.

Update

Some of the stocks suggested yesterday, performed very well.
My Option strategies have not done anything phenomenal so far. Good part is no major loss yet. 
Mars is changing tomorrow, November 06, 2012. Moon in gandantar yoga, so maybe one can expect gap down opening (at least) after long time.

Tomorrow below mentioned are some strategies in Future derivatives:

Sell RANBAXY future below 540.50 for target 536.60, SL 543.50
Sell PANTALOON future below 192.80 for target 179.50, SL 196.50
Sell AMBUJACEM future below 210.80 for target 207.50/204.80 SL 212.35

Disclaimer: This blog does not take any responsibility of your profit or loss

Strategies for November 05, 2012

Market is still going up. PCR is improving. Stochastic is also now indicating market would go up. In short, all major indicators are showing uptrend. Normally the market has happy nag of surprising traders, so this is the time, keep tight stop loss and take reverse position for larger gain. Option trading gives you facility to adjust your stop loss at the start of the trade itself.
I myself entered into KTKBANK strategy on Friday.
I am holding my strategies in INFY, ICICIBANK and KTKBANK. First two are bear spreads and last one is modified butterfly strategy but also expecting KTKBANK to correct up to 125. In short none of the strategies I am presently holding are bull strategies and this is playing for corrections in these stocks. My maximum loss till November expiry could be Rs. 10000/- in these three strategies and has approximate profit potential of  three times of my predicted loss. As usual risk reward ratio is beneficial.

As mentioned, though market is predominantly in up side movement there could be possibility of small correction in near future, maybe post SBI (State Bank of India) results, by weekend.

Sell SBI Future for December expiry if it goes below 2160, (SBI spot could be in the range of 2140 then). To cover some risk sell SBI PUT for strike price 2050 at around 27-30. Book profit in strategy if SBI future  touches price range of 2180-2090. For risk takers, they can wait till SBI results.
Exit the strategy if SBI trades above 2222 on EOD basis.

Sell NIFTY Future November expiry @ 5660 target 5570 (may not reach tomorrow!!)
Sell CENTURYTEX Future below 394.70 target 386.90/381.15
Sell JPASSOCIATE Future below 88.70 target 87.50/86.50/85.20
Sell HDIL below 100.25 Future below 100.25 target 97.95/95.30



Disclaimer: This blog does not take any responsibility of your profit or loss.

What next? Some new strategies

My strategies ICICIBANK and INFY are steady.
Sold 6000 NIFTY CALLs for December expiration.
Market is "Sell on rise" mode till NIFTY decisively crosses 5680 in spot. PCR is still near 1.There is no clear trigger for market to take conclusive direction. Tomorrow even if there is gap up opening, market will find difficult to chose upward direction. Hence, in short market will be in narrow range.

For tomorrow
Sell November NIFTY Future if it goes below 5636. Target 5604. SL 5668
Buy Tatasteel future above 401.60 Target 409.25 SL 391

Option Strategy:
Buy KTKBANK 130 PUT November expiration @ 3.60
Sell KTKBANK 125 PUT November expiration @ 2.05
Sell KTKBANK 170 CALL November expiration @ 0.70

Maximum loss in this strategy could be 3400, and profit could be 16000/- at expiration if KTKBANK goes near 125. Risk reward ratio is favorable.
It seems around 144-145 KTKBANK should complete 3rd wave and should retrace up to 125 before end of the month, hence this strategy.

Disclaimer: This blog does not take any responsibility of your profit or loss.

Update on present strategies

My trades strategies in INFY and ICICIBANK are not doing so well. Must be some small losses. I am holding these positions.
PCR ratio is near 1. Market is "sell on rise" mode even if it continues its upward move tomorrow.

My proposed strategy for DLF did not do well during later part of trading hours, but I fell there is strong support in the region 208-208.50 (EOD) and trade could still enter in green territory within next couple of days if not immediately tomorrow.

Proposed future strategies for November 01, 2012

GODREJIND Future buy above 306.25 target 308
HDFCBANK Future sell below 632.85 target 629
SYNDICATEBANK future buy above 119.25 target 120.65

For option trades:
Sell 6000 CALL @ 22.00 and hold till value reaches to Rs. 4/-, perhaps for one month!

Disclaimer: This blog does not take any responsibility of your profit/loss. 

My trades

Booked profit in AXISBANK strategy. I personally hold INFY and ICICIBANK strategies suggested earlier. I presently have no intention to enter in below mentioned additional trades. But these are signals generated as per my system.

For October 31, 2012
Sell WIPRO future if it goes below 343.90 for target 340.30.

Sell DLF Future @ 200 and Sell DLF 190 PUT @ 3.90. exit this strategy if DLF goes above 208.Book profit at 193.
BUY DISHTV if it goes above 74.30 and sell DISHTV 80 CALL  @ 1.95. exit this strategy if DISHTV goes below 72.75 in future. Book profit @ 76.75.
There could be potential loss of Rs.4000 per lot in these strategies.

Disclaimer: This blog does not take any responsibility of your profit or loss.

Some more trades in Future

Buy Cipla above 361.75 in future for target 365.2
Buy Reliance above 812.90 in future for target 819.

These are trades for today.

Disclaimer: This blog does not take any responsibility of your profit and loss. 

Trades for new month and for October 29, 2012

Market are moving sideways.
It is better to wait till October end meeting of RBI and then take position. Perhaps this month also market will stay range bound and it is advisable to write NIFTY Options, but after October 30, 2012.

Still one can take option positions as below for rest of the month.
Buy INFOSYS 2300 PUT @ 37.50 and Sell 2250 PUT @ 22.00.
Buy ICICIBANK 1060 PUT @ 22.90 and Sell 1040 PUT @ 16.50
Sell AXISBANK future @ 1240 and Sell 1200 PUT @ 26, but exit this strategy if AXISBANK closes above 1275 on EOD basis.

For Monday October 29, 2012:
Few strategies for Future are as below:
Sell JP Associates if it goes below 90.40 in future. Target  87.20
Sell Dr. Reddys Lab if it goes below 1719 in future Target 1687.
Sell IDFC if it goes below 155.65 in future, Target 151.2
Sell ICICIBank if it goes below 1092 in future. Target 1057.
Sell AXISBANK if it goes below 1240 in future Target 1205.

Disclaimer: These are mere suggestions and blog does not take any responsibility of your profit or loss.

No new position today

Wait and watch.
Mercury changed position yesterday. We will see impact today

Very light during upcoming last two trading days before October expiry.

Refer blog written on October 02, 2012. Kindly look at TCS strategy.
Booked profit in TCS strategy.
Chances of making any profit on 5600 PUTs are very slim. But still holding them with average price about 25/-
One can buy 5700 PUT @ Rs. 20/- and hold till expiry or NIFTY reaches 5635, whichever is earlier.

Some other recommendations also are doing well.
For example TCS achieved target.


Disclaimer:
This is mere advice and blog does not take any responsibility of your profit and loss. Do your own research before trading. 

Market is still in corrective mode

Market is still in corrective mode. If it follows technical pattern then NIFTY should go down up to 5530 before expiry.
I am holding my 5600 PUT.

On stocks:
There is still merit in continuing long in AMBUJACEM. But better to exit if it goes below Friday's low.
Buy TCS only if it goes above 1306 in cash. It should go up by to 1335-1338.
OR
Bull spread strategy on TCS
BUY 1300 CALL @ 22 and SELL 1350 CALL @9. Maximum profit could be around Rs. 9000, if it closes above 1350 or maximum loss could be Rs. 3500 if it did not reach the target. Very favorable risk reward ratio.

Buy ONGC only if it goes above 280.2 in cash. It should touch 284 tomorrow.

However, it is more safe to stay overall bearish in this market for next couple of days at least. PCR has gone below 1.0 and this is not good signal for bulls.

Market did not look at Lunar Eclipse.

Markets went up in spite of all odds. There is lot of liquidity in market. Maybe I will incur loss in all my NIFTY 5600 PUT.

Tomorrow astrologically at least not so favorable day for markets to go up. But one never knows, today also there was lunar eclipse, however, market was not in any mood to look at the stars after morning session.  

PCR first time during last week has crossed 1.0, but still very very close to 1.0 and this could be very indecisive. Normally market would show big red candle when PCR is near 1.0, but since there was lot of liquidity this did not happen this occasion,

TATAMOTORS is doing well. 

Tomorrow markets will be driven by results.

Buy Ambuja if it goes above 206 in cash.

Sell Axis bank if it goes below 1161 in cash.

Sell HDFC bank if it goes below 754 in cash

Buy INFOSYS if it goes above 2373 in cash.

Sell ITC if it goes below 287 in cash.

Disclaimer: These are mere suggestions and place where I post my own trades. Kindly note this blog does not take any responsibility of your profit and loss.

Moon and Mercury were in close proximity today

Still holding 5600 NIFTY PUT.
If I get an opportunity to exit, I shall exit part quantity at cost tomorrow.
Tatamotors did well to certain extend and one could have booked profit too. I personally did not trade.

Today was atypical Moon and Mercury combination effect. Market was indecisive throughout the day.

As always analysis mentioned in this blog is mere advice and one should base his/her  trade on own research. This blog does not take any responsibility of your profit/loss.

Update

Market is still showing some signs of correction in bull momentum. I am trying to catch this correction. Succeeded so far in RELINFRA and INFY.
Still holding 5600 PUT at average prize 35. May offload half quantity tomorrow if market slides further to south.
No new position in this week so far!

One can buy TATAMOTORS if it goes above 264.2 in cash.
Alternatively Buy 260 CALL TATAMOTORS if it goes above 8.40 and can be hedged with selling  270 CALL. Risk in this strategy could be Rs. 4000 but if it touches 270 reward could be about Rs. 6000/-. Though risk reward ratio would not be too high, looking at few trading days remaining till expiry this could be    a worth try.
One can even buy only 260 CALL option above 8.40 and manage the trade with the "stop loss". Time value will erode very fast though and hence one should be very careful if trade in not moving in desired direction.

Update

Booked descent profit in Infosys PUT.
Holding NIFTY 5600 PUT.
Hoping to correct the market bit more before trend reversal.
TCS hedged strategy is still going good and I may not think of doing any adjustment still it goes below 1260 in cash EOD basis. Results on Friday. Keeping fingers crossed. 

Update on my strategies,

Booked descent profit today in RELINFRA bear spread strategy.
Market shown reversal today.
Holding INFY put which bought yesterday @ 49 and few NIFTY PUT of 5600 @ 38.
Hoping market to correct a bit and Infosys to show reversal as it shown during last three quarterly results days. I  expect it to reach 2350 tomorrow at least as a spurt and targeting 2350 PUT to reach about 98-100.
But clearly this is bull market and I shall exit short position of INFY if in case it continues to move north EOD tomorrow.

Prepare for next move

Market gone down and I am holding my trades.Saturn and Mercury are in close proximity. Let us follow market and star movements.
Infosys PUT 2350 is worth buying at Rs. 50. One should exit immediately after results.

Update

I am continuing with all my trades. Most of the positions turned in to profit. Only loss in TCS strategy, but still worth holding.

Mercury and Saturn

I was expecting some kind of event in market as Mercury and Saturn were in close proximity. Precisely same thing happened when they were within zero degree at around 10 am.
Market normally go down in this situation.

And loss goes up!

My total loss today went up. It is about Rs. 10000/-. Added two lots of 5600 put. Still holding all positions.

Progress on proposed strategies so far??

Market is still moving up as against my expectation. Though I was never bearish on market was expecting 100 to 150 points correction.
This has not happened yet and I am making loss of about Rs. 7000/-. I will still hold the positions and update periodically.

Contract	Trade	Open Position Qty	Open Position Value	Open Position Avg. Price	LTP	Profit/Loss Unrealized	Profit/Loss Realized
FUT-TCS-29-Nov-2012	Buy	250	333212.50	1318.95	1331.00	3012.5	-198.76
OPT-TCS-25-Oct-2012-1350-CE	Sell	-250	8312.50	33.25	42.20	-10550	8199.85
OPT-RELINFRA-25-Oct-2012-640-CE	Sell	-500	2000.00	4.00	4.20	-2100	1891.76
OPT-RELINFRA-25-Oct-2012-480-PE	Sell	-500	3500.00	7.00	4.50	-2250	3390.63
OPT-RELINFRA-25-Oct-2012-540-PE	Buy	500	14625.00	29.25	19.40	9700	-14740.26
OPT-NIFTY-25-Oct-2012-6000-CE	Sell	-100	1700.00	17.00	14.90	-1490	1485.53
OPT-NIFTY-25-Oct-2012-5600-PE	Buy	100	6155.00	61.55	30.15	3015	-6372.07

Two strategies for October 2012

Buy RELINFRA  540 PUT @ Rs. 27 Exp. October 25, 2012 

Sell RELINFRA 480 PUT @ Rs. 7 Exp. October 25, 2012

Sell RELINFRA 640 CALL @ Rs. 4 Exp. October 25, 2012

RELINFRA has shown reversal from long time channel support. There is possibility that it could continue down trend in coming days. 

This strategy will make profit more than Rs. 20,000/- if RELINFRA goes below Rs. 480 at expiry. If it does not do so, then maximum loss could be about Rs. 8,000/-. There is remote possibility if RELINFRA does extraordinarily well, then 640 call could come under pressure and loss could be more. 

Still risk reward ratio is very good. However, one should reevaluate this strategy if REINFRA crosses 585/590 within next 10 trading sessions.

One more strategy:

Buy TCS Future of November expiration @ 1300-1310/-  and 

Sell 1350 TCS CALL @ Rs. 30/- of Exp. October 25, 2012. 

Exit only from TCS Future  if TCS goes below Rs. 1265 in SPOT and continue with Sell TCS Call option to recover loss in Future. 

It seems TCS is forming support near 1275-1270 area. So this is low risk strategy. If TCS goes down below 1265 in SPOT then their could be possibility of going wrong in this trade. This strategy will make profit if TCS stays above 1300 till October expiration. 

Trading strategies and astrology!

Sold some 6000 calls for September expiry at around Rs. 19/-


Last month Jupiter was overseeing Mercury and market took North direction. This could be one of the reasons interalia other favorable factors. Also as per my observations (and one can confirm looking at past data) whenever there are five Saturdays in  a month all markets would normally go up.

Now Mercury is changing position on Monday and Jupiter will not oversee Mercury anymore. This would have impact on financial markets.
In addition many technical indicators have reached overbought conditions and started showing negative divergence.
Combination of all these factors, I think there could be possibility of some correction very soon.
My present trades are as below:
Buy PUT 5600 in the range of  Rs. 55/- and 60/- ( This is showing some losses as 5600 PUT is being traded around Rs. 45.
I will sell PUT 5400 @ Rs. 25 and 30 and shall be in market in October month with bear spread strategy with NIFTY.

Premium paid so far is covered by selling equal amount of 6000 CALLS as mentioned earlier in this post.

Disclaimer: This blog does not take any responsibility of your profit and loss. Kindly do your own research while you trade.

Expiry day today and strategy next

Strategies posted during last three/four days did not do very well and incurred small loss at the end. I also lost some money.
For tomorrow one may buy 5600 PUT at around Rs. 60. If someone is buying more than one lot then he/she  should keep half quantity as positional trade for October expiry.
If one wants to hedge then he/she can sell 5400 PUT @ around Rs. 20.

If one hedges then strategy will start earning profit if NIFTY goes below 5560. Maximum profit could be Rs.8000/lot if NIFTY goes below 5400 at expiry.
Maximum loss could be Rs. 2000/lot.
Risk reward ratio is good.


Disclaimer: This blog does not take any responsibility of your profit and loss. Kindly do your own research before you trade.

Continue strategies till tomorrow.

Strategies posted during last three/four days did not do very well and incurred small loss at the end. I also lost some money.
For tomorrow one may buy 5600 PUT at around Rs. 60. If someone is buying more than one lot then he/she  should keep half quantity as positional trade for October expiry.
If one wants to hedge then he/she can sell 5400 PUT @ around Rs. 20.

If one hedges then strategy will start earning profit if NIFTY goes below 5560. Maximum profit could be Rs.8000/lot if NIFTY goes below 5400 at expiry.
Maximum loss could be Rs. 2000/lot.
Risk reward ratio is good.


Disclaimer: This blog does not take any responsibility of your profit and loss. Kindly do your own research before you trade.

Continue strategies

Yesterday's post recommended bear spread strategies for Axis bank and LT
Both are in right direction so it is advisable to hold these positions.

Disclaimer: Blog does not take any responsibility of your profit/loss. These are mere suggestions and kindly do your own assessment if in case you decide to trade based on these recommendations. 

Bull Spread Strategy TCS

I expect some profit booking during next two days though I am not bearish.
I think TCS should show some positive movement and can cross 1375 before this expiry.
Buy TCS call 1350 for September expiry near Rs. 6/- and Sell TCS call 1400 trading near Rs. 2/-
Risk reward ratio is attractive.
Premium for buying TCS call can be covered by selling NIFTY 5800 call for September expiry.