NIFTY is going up. Practically there is no particular reason to reach new heights everyday. Weak monsoon, nothing happened in Parliament session but rate cut booster and US FED decision not to hike rate enthused markets last two weeks. FIIs also started buying in past couple of days. If macro data is good next week NIFTY will move quickly towards 8500. As a trader if NIFTY crosses 8250-8260 on EOD basis, it is better to exit all bear trades. While doing so if loss for the month is more than 25 K then stop trading for the month.
Here is summary of our trades:
DishTV: booked profit around Rs. 5000/-
TCS: It had shown good profit of Rs. 80-100 but just for 5 minutes. We missed to book profit in those five early minutes in market trade during one of the day last week. Now contract is heading towards loss, maximum loss could be Rs. 4500, recommendation hold. Maybe good INFY results will again glitter our eyes.
Southbank:
Loss about Rs. 5600/- or could be more depending upon buying rate. One can exit or preferably hold till October 19 and expect miracle in quarterly result.
NIFTY strategy 8200 PUT and 7600 CALL: Overall marginal loss, but one can book profit in 8200 PUT. It will be trading at around Rs. 70-80, if NIFTY moves 100 points from here.
Buy WIPRO PUT and Sell 8200 CALL: Till today no loss/no profit.
INFY: No loss, no profit. Book profit immediately after results or exit the trade at marginal loss.
DLF: Profit in single trade, Book profit in bull spread strategy.
Since there are 5-6 active trades, no new trade should be entered as per our trading rule.
Disclaimer: This blog does not take any responsibility of your profit/loss
Here is summary of our trades:
DishTV: booked profit around Rs. 5000/-
TCS: It had shown good profit of Rs. 80-100 but just for 5 minutes. We missed to book profit in those five early minutes in market trade during one of the day last week. Now contract is heading towards loss, maximum loss could be Rs. 4500, recommendation hold. Maybe good INFY results will again glitter our eyes.
Southbank:
Loss about Rs. 5600/- or could be more depending upon buying rate. One can exit or preferably hold till October 19 and expect miracle in quarterly result.
NIFTY strategy 8200 PUT and 7600 CALL: Overall marginal loss, but one can book profit in 8200 PUT. It will be trading at around Rs. 70-80, if NIFTY moves 100 points from here.
Buy WIPRO PUT and Sell 8200 CALL: Till today no loss/no profit.
INFY: No loss, no profit. Book profit immediately after results or exit the trade at marginal loss.
DLF: Profit in single trade, Book profit in bull spread strategy.
Since there are 5-6 active trades, no new trade should be entered as per our trading rule.
Disclaimer: This blog does not take any responsibility of your profit/loss
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