Update

Market is in uptrend by now.
Strong support around 7860, unless it goes below 7860 do not attempt any short positions.

Suggested trades and update:

1. Sell 8200 PUT (4 lots) and 7600 CALLs (4 lots) of NIFTY of October expiration. Monitor this on EOD basis and exit from loss making trade ( and stay foot in other trade) if and only if combined loss is more than Rs. 5000/- .
2. Buy 2700 strike price TCS CALL around 38/- Loss could never be more than 5000/- so stay in the trade either till expiry or till quarterly results.
3. Southbank: Buy Southbank 25 CALL around 0.90/- SL 0.40. This bank is showing some urgency, trading above key averages with good volumes in recent past and who knows could able to make mega money for us.
4. Sell 7800 NIFTY CALL (4 lots) at market price, if NIFTY opens below 7870. SL 325
5. Buy DLF 145 CALL between 4.60-5.00 and sell 150 DLF CALL around 3/-. If you can manage the trade with strict SL then buy only 145 CALL.

Update:

1.) NIFTY strategy 8200 PUT and 7600 CALL:

Hold. It is in overall profit.

2.) TCS

Hold. Trading at very marginal profit.

3.) Southbank:

This pains. When NIFTY goes up over 100 points and our stock does not follow NIFTY. it hurts. But hold on. Stock is trading near support level.

If stock goes below 22.10 in cash then it is better to book the loss. But kindly consider 22.10 on EOD basis or around 3.25 PM tomorrow and then decide.

4.)Sell NIFTY 7800 CALL:

Trade could not be executed because market was above 7870 entire day. If NIFTY goes below 7860 tomorrow then one can enter in to this trade.

5.) DLF:

Marginal profit. For single trade there was an opportunity to book profit even today. But one can hold the strategy.

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

Update and new trades

Our trades:

1. Sell 8200 PUT (4 lots) and 7600 CALLs (4 lots) of NIFTY of October expiration. Monitor this on EOD basis and exit from loss making trade ( and stay foot in other trade) if and only if combined loss is more than Rs. 5000/- .
2. Sell DishTV 130 CALL around 1.80 of October expiration. If loss is more than Rs. 5000/- then just exit from trade.
3. Buy 2700 strike price TCS CALL around 38/- Loss could never be more than 5000/- so stay in the trade either till expiry or till quarterly results.
4. Buy 880 PUT of Sunpharma around 22 and Sell 840 PUT of Sunpharma around 10, loss could be maximum 3000/- and profit potential Rs. 7000/- so carry this trade till expiration. 
5. Southbank: Buy Southbank 25 CALL around 0.90/- SL 0.40. This bank is showing some urgency, trading above key averages with good volumes in recent past and who knows could able to make mega money for us.

Update

NIFTY:
NIFTY 7600 CALL was purchased around 370 and NIFTY 8200 PUT was sold around same price. Let us say 370/-
Trade is in profit and we will continue this trade.

DISHTV
We booked profit EOD today. Entry price 1.80 and profit booking around 0.80.
Trade closed.

TCS
TCS entry around 38-39 and currently trading at marginal profit. We will continue the trade.

SUNPHARMA
Not entered in to the trade.

Southbank:
It is in loss. Total loss today was Rs. 1000-1300/-. We are holding on to the trade.

New trades:
Sell NIFTY 7800 CALL (4 lots) at market price, if NIFTY opens below 7870. SL 325.
Buy DLF 145 CALL between 4.60-5.00 and sell 150 DLF CALL around 3/-


In short,
New trade set is as follows:

1. Sell 8200 PUT (4 lots) and 7600 CALLs (4 lots) of NIFTY of October expiration. Monitor this on EOD basis and exit from loss making trade ( and stay foot in other trade) if and only if combined loss is more than Rs. 5000/- .
2. Buy 2700 strike price TCS CALL around 38/- Loss could never be more than 5000/- so stay in the trade either till expiry or till quarterly results.
3. Southbank: Buy Southbank 25 CALL around 0.90/- SL 0.40. This bank is showing some urgency, trading above key averages with good volumes in recent past and who knows could able to make mega money for us.
4. Sell 7800 NIFTY CALL (4 lots) at market price, if NIFTY opens below 7870. SL 325
5. Buy DLF 145 CALL between 4.60-5.00 and sell 150 DLF CALL around 3/-. If you can manage the trade with strict SL then buy only 145 CALL.

So again we have total 5 trades. No trade should make loss more than Rs. 5000/-.
Disclaimer: This blog does not take any responsibility of your profit/loss

Update

Our trades:

1. Sell 8200 PUT (4 lots) and 7600 CALLs (4 lots) of NIFTY of October expiration. Monitor this on EOD basis and exit from loss making trade ( and stay foot in other trade) if and only if combined loss is more than Rs. 5000/- .
2. Sell DishTV 130 CALL around 1.80 of October expiration. If loss is more than Rs. 5000/- then just exit from trade.
3. Buy 2700 strike price TCS CALL around 38/- Loss could never be more than 5000/- so stay in the trade either till expiry or till quarterly results.
4. Buy 880 PUT of Sunpharma around 22 and Sell 840 PUT of Sunpharma around 10, loss could be maximum 3000/- and profit potential Rs. 7000/- so carry this trade till expiration. 
5. Southbank: Buy Southbank 25 CALL around 0.90/- SL 0.40. This bank is showing some urgency, trading above key averages with good volumes in recent past and who knows could able to make mega money for us.

Update

NIFTY:
NIFTY 7600 CALL was purchased around 370 and NIFTY 8200 PUT was sold around same price. Let us say 370/-
Since market went down, premium of PUT sell contracts gone up by about Rs. 40 whereas CALL premium has gone down by Rs.40. So there is no net effect at EOD today.
We will continue this trade.

DISHTV
Sold at Rs. 1.80 and currently trading at around 1.35. Today total profit was Rs. 1800/-
We are continuing with the trade.

TCS
TCS entry around 38-39 and currently trading at marginal profit.

SUNPHARMA
Continue with the trading strategy. It is in profit. But there is possibility, since it opened with very huge price difference one could not have even able to enter in to the trade. We could not take any position here. We will replace the trade in next couple of days.

Southbank:
It is in loss. Total loss today was Rs. 1200-1300/-. We are holding on to the trade.

Net result: Holding all positions with very marginal profit today.

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

Trades for next week.

From OI data it is clear that NIFTY could stay in range, The range is bit broad ie 7500-8300.
Maybe 25 bps rate cut is already factored in, if it is more NIFTY will go near 8300, if not 7500 is on cards.

But one can get some good trades with proper money management.
Suppose one is handling trading account worth 5 lacs INR.
Then he/she should risk only one percent ie around INR 5000/- per trade and should not trade in more than 5 trades at one time.
If everything goes wrong (this is highly unlikely scenario) , total loss could be Rs. 25000/- in the month, and then in which case one should not trade for rest of the month! Discipline!!

So first one should get money from the market. Assuming NIFTY will be range bound, one can sell 8200 PUTs and 7600 CALLs. This will help in credit balance about Rs. 70000/-.

Few more good trades could be:
Sell DishTV 130 CALL around 1.80/-
Buy 2700 TCS CALL around 38/-
Buy 880 PUT of Sunpharma around 22
Sell 840 PUT of Sunpharma around 10

In short, now you have total five strategies/trade combinations:

1. Sell 8200 PUT (4 lots) and 7600 CALLs (4 lots) of NIFTY of October expiration. Monitor this on EOD basis and exit from loss making trade ( and stay foot in other trade) if and only if combined loss is more than Rs. 5000/- .
2. Sell DishTV 130 CALL around 1.80 of October expiration. If loss is more than Rs. 5000/- then just exit from trade.
3. Buy 2700 strike price TCS CALL around 38/- Loss could never be more than 5000/- so stay in the trade either till expiry or till quarterly results.
4. Buy 880 PUT of Sunpharma around 22 and Sell 840 PUT of Sunpharma around 10, loss could be maximum 3000/- and profit potential Rs. 7000/- so carry this trade till expiration. 
5. Southbank: Buy Southbank 25 CALL around 0.90/- SL 0.40. This bank is showing some urgency, trading above key averages with good volumes in recent past and who knows could able to make mega money for us.

I will try and follow all trades everyday, but one must not hesitate to book profit as appropriate.

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