Update - 16 September 2019

  • On Friday, markets were getting bullish and then we had a drone attack on of the petroleum facilities at Aramco in Saudi Arabia.

  • Supply was hit due to which Crude Oil on Monday shot up by more than 10%.

  • In my analysis on 11 September, I specifically mentioned that if crude rises further, it can pose pressure on Indian markets due to its linkage with fiscal deficit.

  • So we had a gap down opening yesterday and I had to bear a 1% stoploss on my positions.

  • To cover it, I sold 11100 CE and bought 11200 Nifty calls.

  • Sensing some sideways movement in Bank Nifty, I sold 28500 CE and 27300 PE. Later I covered 28500 at profit and replaced it with 28400 CE.

Here is the trade sheet:

13 September 2019 - 19 September 2019.xlsx

Rohit Katwal

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