For the past few weeks, I have received a lot of DM from fellow traders who are struggling with volatility in Nifty or Bank Nifty. Following scenarios have happened with me too: Profitable credit spreads suddenly turn into loss due to volatility Even Iron Fly like positions are not experiencing theta decay Theta Decay reverses the next day before profit can be booked Mark to Mark hits SL or worst-case scenario before showing any theta decay V-up recoveries and Flash sell ar

On #BANKNIFTY 19000 and on #Nifty 9200/9100/9000 is crucial support for some time. Break of these levels will give further momentum. Technically, both the indices are weak and any momentum to upside is not visible. Involvement of smart money is minimum. Bank Nifty appears much weaker than Nifty. On 30 April 2020, we had huge long buildup on Nifty. COI rose by 17 lakh and till date we are witnessing long unwinding. Whatever positions were created to long side are all covered.

These were the positions I was carrying yesterday: 1. #INDUSINDBK - Closed at a profit of ₹50,000/-. 2. #SBIN - Sold a 200 strike call and created a strangle. 3. #RELIANCE - Still holding naked put sold at 1120 strike. 4. #JUBLFOOD - Still holding naked put sold at 1350 strike. 5. #HDFCBANK - Still holding calendar spread. No changes. 6. #RBLBANK - Closed 150 CE at ₹2. Now holding naked 130 CE. Added 2 Rs. benefit. 7. #NIFTY - Got lucky on one of the wrong trades. Yesterday,

This is how I have done adjustment to my existing positions: 1. #INFY - Cost to cost exit. Did not create new position due to pending results. 2. #RELIANCE - Cost to cost exit. Reversed and sold 1120 naked put at ₹20/-. Yesterday was getting bullish signs. 3. #SBIN - Rejected downside. Banking sector as a whole was giving bullish signals. Sold a 180 PE which if right can cover loss and give profits. 4. #HDFCBANK - Was carrying naked call sold at 960. Results were on Saturday,

I am officially bull above 8684 now. I was holding following positions yesterday: 1. #KOTAKBANK - Covered cost to cost when it moved Rs. 30 against my initial sell price. 2. #SBIN - Banking sector has gone bullish or quite strong now. Covered at loss but sold 180 PE. If SBIN stays above 180 in coming days, the collective trade will still give me Rs. 10,000/- profit. 3. #HDFCBANK - Bought a 1000 strike call as a hedge. Results are due on Saturday. If opening is normal, then wi

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

Market started normal and immediately went into negative territory. I sold #BankNifty call of 21000 @ ₹90 with SL at 142 and it got hit making a loss of ₹12,000/-. I sold the same strike with cost to cost strike 3 times before it gave me a gain of ₹8000/-. Then I sold 20000 CE at 438 which I covered at 312. It covered initial stoploss that I hit and I became breakeven. Throughout day, I became bearish, then bullish and in the end, I chose to remain bearish. I have sold 9300 C

Technical Analysis Short positions which were built on #Nifty and #BankNifty on 26 February 2020 kept on getting built till 19 March 2020. Post that we are witnessing a continuous decline in OI. In layman terms, new positions were not added, and existing positions were cut. So, whosoever went short in the end of March 2020 has been getting out at bottom. Short Positions that started to build from 11700 as can be seen from chart below remains in control below 9200. We can also

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

I mentioned in my previous analysis that whichever way the OI picks up, market will move in that direction. #Nifty climbed by the end of day following the previous few days bullish trend. #BankNifty as of now is not moving with same momentum. Apart from positional trades, I did some scalping trades. Dow Jones also inched higher yesterday but eventually gave up the gains. Technically and Data wise, we are overbought right now and going ahead I expect little consolidation. Sust

Nifty future witnessed long buildup. We hit a new all time high. Down move and buildup on Monday was fake. It also shows how big players fake the market data. Max Pain moved up to 12100 which is bullish. PCR at 1.65 is extremely bullish right now. India Vix eased further to 12.62, down 6%. Again a sign that there is not much fear in the market right now. FIIs were net buyer of 1248 crore and DIIs were net seller of 908 crore giving a net buy for the day. Monthly Max pain move

In response to trade war by US, China let its currency depreciate from level 7. Indian Rupee also weakened and has touched ₹71.17 from ₹69.20. RBI interfered in spot and future market and that stabilized it a little. #DowJones fell close to 3% yesterday. Ripple effects were already seen in SGX Nifty which is down by 90 points in the morning. With #Article370 revoked from Jammu and Kashmir, Government is going to keep its focus there for some time now. RBI Monetary policy will