Update - 22 October 2018
Market opened with Gapup and has come below my danger levels. HDFC Bank opened with a gapup and failed to cross 2020, I have added few positions.
I have sold Call of Ashokley -1 X 120 @ 0.60 with stock price stoploss at 115. I may exit intraday.
I have added another bear call spread on Bank Nifty -2 X 25600 and +2 X 25800.
12:45 pm -
Bear Call Spread of -2 X 25500 and +2 X 25700 was too close to breach so I exited at loss, and sold naked -2 X 25700 to hedge the losses.
At first, I thought of hedging it with -2 X 24600 PE but I realized, it was a fake upmove and market may come down, so its better to do a naked sell as a hedge.
As of now, my Bear Call Spread of -2 X 25600 and +2 X 25800 are doing fine and I dont need to touch them.
Ashokley initially hit a stoploss of .10 paise. But it was a false move so I again entered.
Reliance is bouncing from bottom, so booked it at a minor profit and in its place, executed -1 X 280 SBIN call.
Hindalco looked good, so executed -1 X 240 call.
02:10 pm -
I have closed my bearish positions.
Nifty at 10200 and 10300 is witnessing put writing.
Bank Nifty is also biased towards bullishness.
03:00 pm -
Market suddenly turned.
Indusindbk saw a great fall.
I closed my positions and took some bear call spread which I have updated in the trade book.
Overall position is jotted in the trade book below: -
19 October 2018 - 25 October 2018.xlsx
Rohit Katwal
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