**keep these for educational purpose only Following are my picks for equity swing trading this week. #AIAENG is in watchlist for now. Above 2224 will add with a small SL at 2100. #AXISBANK I will add in two quantities. One, above 770. Second, above 800 with SL at 740. #BERGEPAINT I will add with a SL at 799. It has already given a breakout. Like #AXISBANK, will add #ICICIBANK on 2 triggers. Once above 666, second above 680 with minor stoploss at 629. Above 1627 will add #ICIC
#Nifty I was holding an Iron Butterfly of 9200 with expectation that market will revolve sideways between 600 points. But we went extreme today. I had: -3 X 9200 CE, +3 X 9700 CE, -3 X 9200 PE, +3 X 8700 PE. I am only holding -3 X 9200 CE so as to make it breakeven. Rest I have covered.
I haven't turned bearish. I am still sideways. What we say today was bit of an over reaction by market. With that, I created following position: -3 X 8900 CE, +3 X 9400 CE, -3 X 8900 PE, +3
These were the positions I was carrying: 1. #AXISBANK - Made an exit at around 433. After that it touched 447. I think it was a fake up move and came down later but gave me a loss of ₹6000/-. I don't keep over night options if it is ITM and I am on the sell side. 2. #INFY #SBIN #INDUSINDBK are all going fine. 3. #Nifty Ratio Calendar: This is how I managed it; Sold 9100 Put and booked profit in that. Sold 9200 Put and booed minor loss in that. Sold 9100 Put later but market c
For 2nd week of April 2020, I made a loss of ₹25,000/-. These are the positions I was holding. 1. #AXISBANK & #INFY - I am still holding as I dont believe this to be a genuine bounce but a short covering. 2. #INDUSINDBK - I sold a put of strike 300 @ ₹30/- collecting extra ₹12,000/- in premium. I am willing to buy 400 shares if it is exercised. max Profit potential has risen to now ₹62000 by eom or a moderate profit of ₹35,000/- from this trade. 3. #BANKNIFTY strangle went in
Last week was a dead cat bounce. Today the market rejected upside which came due to RBI measures. India Vix is falling, still the market is going down. Slowly and steadily we are coming back to the normal trading range but Vix is still very high. I created a Ratio Calendar in the morning on #NIFTY. Sold -6 Lots of 8500 CE at ₹88/- of current week ad bought monthly 3 lots of 9000 CE at ₹178/-. Rational is very simple. Its partial hedge. Ultimately this week will go to 0 and mo