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: