Gone are the days when Indian Markets used to trail behind the world markets. I have been claiming for long time that now a days, it is Indian Market which leads and world market follows.
Today, I had two assumptions. One was bullish. One was bearish. Based on uncertainty, I took calendar spreads. So far they are good. I also added some bull put calendar on Nifty.
Bank Nifty was sluggish whole day, but finally caught up with Nifty which was going up with momentum. In that regard, my decision of taking a put calendar is right. We are awaiting RBI monetary policy meeting on Thursday and till that time banking sector will go sideways.
Here are the details of the trades I took in my personal account:
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