Update - 1 April 2019

  • Day started on a strong note and ended on a weaker note.

  • Trend is strong, so rather than be on the wrong side of the trend, I went with it. At top, it is bound to hit some stoploss.

  • I executed plain bull put spreads on Bank Nifty and Nifty. Bank Nifty was weak from the morning but Nifty was strong, so I decided to remain long as Bank Nifty can turn bullish with stoploss at 30358.

  • I was in profit and suddenly in last half hour market turned and hit my stoploss. I don't put a stoploss but keep an eye when I need to exit.

  • I exited all the written puts first and then closed the hedged part. That way, I gained little more on bought side of puts. It gave me a ₹3000/- loss.

  • I executed fresh bear call spreads assuming we have a temporary top for now.

  • I am still not sure if the direction is right and as I write, dow has opened gapup. But option writing gives peace of mind as positions are hedged and I will have time on my side.

  • India vix is very high right now, so I think we have made a temporary top and will move little lower.

Details of my trades are shared below:

1 April 2019 - 4 April 2019.xlsx


Rohit Katwal

Telegram Channel - https://t.me/rkatwaltradingupdates


13 views0 comments

Recent Posts

See All

MAS - Options (2 slots) for April 2021

We have 2 slots each available for Options MAS to be filled for April 2021. If interested kindly fill the MAS Service Request Form after reading the details and we will contact you. Do read the approp