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