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| 09.08.23 NIFTY Futures |
Market opened in yesterdays range on the lower side and broke yesterday low within 15 mins and we were in 19500 ce.Booked early with 2000/- profit.
Tried to go long with shorting Put when nifty spot touched 19500,but market went below and it hit SL.
Following are todays trades-
Trade 1-19500 ce* -4 (Entry 80.90 * 4 exit 72.40) Profit 2000/-
Trade 2-19500 pe* -4 (Entry 56.35 Exit 59.95) Loss 720/-
Trade 3-19500 pe *6 19450 pe * -15 ( Entry 19.85 exit 24.35 )Loss 1687/-
Trade 4- 19500 pe * 5 @63.35 19400 pe * -15 @ 26.10 Basically made a spread with credit of 74.Profit 3100/-
Trade 5- 19500 ce* 5 @ 90.50 19600 ce* -15 @34 .SL hit .Loss 550/-
Net Profit 2727.50
Post trade Analysis -Nifty made a V Shaped recovery which would have made panic in both bears and bulls.
Could have juiced more while market was coming down with a spread of 19500 &19600 ce
While on return journey could have moved the spread to 19500 19400 to 19600 19500.
Learn buddy Learn.. So that you can Earn.
I know these numbers are very small on a capital of 12 lacs but major aim is not to play with big quantities till I handle the drawdowns.
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