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