Archive for March, 2013

Nifty 14 Mar 2013

Thursday, March 14th, 2013

ICICI, HDFC and Axis banks were accused of money laundering issues.

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Nifty 13 Mar 2013

Wednesday, March 13th, 2013

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February – A month in which volatility triggered closer stops

Tuesday, March 12th, 2013

End of February Series and beginning of March Series – What to Expect?

There were 5 trades for the month. Out of the 5 trades, 1 was profitable and 4 ended up in loss. With a starting capital of Rs.30,000, the final loss for the month stand at Rs. 5177.50. The overall profit for the last seven months stand at Rs. 10,801.25, a 36% gain.

What went right for the month?

The month started on a good note with 2K profit on the initial put trade. Most of the predictions were correct for the month and we had 4 put trades while the markets were going down which was also right.

What went wrong for the month?

NIFTY moves became volatile and even though we were well placed in puts for the month, markets moved to trigger our stop losses before moving into profit zone. Thus we were stopped out of most of the positions.

Learnings and how do we move forward

1. The system trades and predictions of market initially reaching 5836 levels came to be correct. Also the prediction that markets will even see sub-5700 levels for the expiry came to be correct.
2. We did not venture into expiry trades even though we had predicted a sub-5700 move.
3. We did not reenter the positions after the stops were taken and when markets started going in out favour.

How does it look like for the March series

February series saw markets correcting significantly towards the end. TripleInt’s system is indicating a positive move in March. We will wait for confirmation from TripleInt’s option trading system for initiating new trades.

Nifty February Expiry Charts

The expiry chart is given below

For other option price move charts on the expiry day, please follow the link

Performance for the month of February

Date Open Date Closed Scrip Option Type Strike Expiry Num Lots * Lot size Entry Price Exit Price Total Investment Profit/Loss Comment
07-Feb-2013, 9:43 am 08-Feb-2013, 3:20 pm NIFTY PE 5900.00 28FEB2013 2 * 50(100) 47.60 69.55 4760 2195 Nifty likely to fall further as it has broken key support of 5957. Closing comment: Not carrying the position over weekend. Covered when it broke 5900 levels
11-Feb-2013,10:04 am 11-Feb-2013, 9:15 am NIFTY PE 5800.00 28FEB2013 4 * 50(200) 32.20 21.40 6440 -2160 Nifty likely to test 5847 levels. Further downside seen. Closing Comment: Stop loss triggered.
14-Feb-2013, 9:28 am 20-Feb-2013, 9:17 am NIFTY PE 5900.00 28FEB2013 2 * 50(100) 49 29 4900 -2000 Weekly negative divergence. Nifty likely to break lower range and move towards 5836 levels. Closing comment: Position went above 81 after we bought at 49. We were expecting more downside. Currently stop loss triggered.
26-Feb-2013, 9:27 am 26-Feb-2013, 3:00 pm NIFTY CE 5900.00 28FEB2013 4 * 50(200) 22.80 12.40 4560 -2080 Nifty likely to move up the next two days.
27-Feb-2013,10:48 am 27-Feb-2013, 3:19 pm NIFTY PE 5800.00 28FEB2013 1 * 50(50) 63.50 40.85 3175 -1132.5 Nifty likely to break 5700 levels before expiry tomorrow. System indicating bearishness. Closing comments: Position is closed now. Will initiate fresh trade for expiry tomorrow
Date Open Date Closed Scrip Option Type Strike Expiry Num Lots * Lot size Entry Price Exit Price Total Investment Profit/Loss Comment
Overall Profit/Loss Rs.-5177.5

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Nifty 12 Mar 2013

Tuesday, March 12th, 2013

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Nifty 11 Mar 2013

Monday, March 11th, 2013

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Nifty 08 Mar 2013

Friday, March 8th, 2013

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Nifty 07 Mar 2013

Thursday, March 7th, 2013

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Nifty 06 Mar 2013

Wednesday, March 6th, 2013

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Nifty 05 Mar 2013

Tuesday, March 5th, 2013

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Nifty 04 Mar 2013

Monday, March 4th, 2013

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