WK 9 27 2020 Expiry Day trading

• Morning Nifty might open flat to Negative Zone with SGX Nifty trading in Red, 
• Violent moves might be expected as VIX recorded 18.8 yesterday.
• Second half will favor Options buyers, sizing or even small lots quick profits to be idea for intraday.
• Scalping to continue on Nifty options if small moves observed.

WK 9 26 2020 --> Nifty to open in Red

• Nifty to open in Red with SGX nifty showing -90 points, one can scalp options with small profits in first half and continue to lock profits with swings.
• CoVid 19 has infected world Markets(indices)
• scalping with small profits and exit within short span will increase overall performance if done on daily basis without changing the style of trading.
• May 2020 with new margin(risk management) in place one can write options with Hedging at lower margins.
• Nifty might test support at 11625-11580 at these levels.

Performance for the day :

• As mentioned in morning started with scalping due to market was flat in F&O had to exit with minor losses, Tuesday increased my position in NAM-India from 20 to 100 closed profits with 1.6K and other 500rs in BNF.
• VIX hovering between 16.99 to 18.87 so was swing observed in second half.
• Market rewards for those who are patient and wait for correct signal as happened today.
  

After Gap down opening in Nifty, nifty tried to cover the short position with Pin bar at bottom, though first Pin bar setup failed due to many Intraday shortsellers were pushing down, but it made second pin bar later in the day which indicated upward movement, though movement was slow but trend was upward biased, I didn't trade in Nifty but entered into Banknifty as it was showing more volatile compared to nifty, hardly could capture profits due to high volatility.

WK04 23 2020 Performance

Cumulative profits : 2.2K

Returns of Investment - ROI in Options Trading

As we indulge into Intraday trading, tendency of trader is to make more money in other words intent would be greedy, if trader has strong process and can scalp good profit on daily basis suggest to continue with methods, but Trader who has position to expire one needs to wait till day before Expiry to book profits. Swapping  methods from intra to position or vice versa is only model for making money to Brokers and Government, stick one method if you are Positional Trader continue to be and dont attempt to be scalper or Intra day Trader.

d

Product	Instrument	Qty.	Avg.	LTP	P&L	Chg.
	NRML	BANKNIFTY 23rd JAN 31000 CE NFO	0	0.00	70.80	+1,696.00	0.00%
	NRML	BANKNIFTY 23rd JAN 31300 CE NFO	0	0.00	22.50	-709.00	0.00%
					Total	+987.00

Developing method that consistently yield good profit is only way of building wealth, without process in place will have side effects of capital erosion. With Above example,taking small profit may be 1K/day( 55K Investment) ROI = ~ 2% within 6 hrs converting to Yearly returns of 24% is not only good or decent return, Amateurs tend to compare the daily returns with their full time Salary isn't right method of comparison, we need look how money works and money yields, but Amateur Traders is comparing their Work Salary to Money Working, here Money works and their you Work for money, change your mindset and learn and make money work for you and Lastly  24% return is still good return as your wealth will double in 3yrs ( magic formula of 72) now start working on how to have good Trading capital in order to Make Money work for you.

Happy Trading !!!

Intraday profits

	Product	Instrument	Qty.	Avg.	LTP	P&L	Chg.
	NRML	BANKNIFTY 23rd JAN 31200 CE NFO	0	0.00	123.70	-2,018.00	0.00%
	NRML	BANKNIFTY 23rd JAN 31400 CE NFO	0	0.00	70.85	+1,411.00	0.00%
	CO	BANKNIFTY JAN FUT NFO	0	0.00	31,047.30	+1,404.00	0.00%
					Total	+797.00

With Pin Bar making in 15mins Chart, I sold BNF 31400S/31200B expecting market to cover the gap which didn't happen in NF, but covered in BNF for shortwhile but couldn't sustain due to Gap was existing in NF  so it indicates Bear is in control, though above strat was to be bullish for today/Tomorrow, in order Hedge i sold 2lots BNF and made profits 1400 and closed all 3 position by making marginal profits of ~ 800rs will come back once i see good signals for intraday trade.

Bearish Engulfing

Bears have grip on market and we observe shortsellers in intraday, hanging man accompanied with bearish engulfing we can expect downtrend in coming days with support levels @ 12170-12125 one can continue to have bear spread or risk averse enter into iron condor for Jan expiry.

Imp lesson : Mocking twitter gurus might help in understanding strategies but conviction is within you learn to read charts depend on self not Twitter gurus. 

Jan 23 2020 Options Expiry

started Options and also taken position in following ..

S : 12400 CE
B : 12500 CE

Net credit expecting : 2K with ROI of 2.5%

Nifty will expiry below 12400 on Thursday 23 Jan 2020.

Observation : though Reliance have given good results still NIFTY PE 28

which is almost hot or expensive to enter into Large cap so i would sit tight and watch

Bear taking control as Chart also indicating Resistance @ 12360 and Channels indicate

there could be cooling period for bulls to take Charge further until it might consolidate

or trade between 12210-12360 and expect to be range bound till end of Jan, good news for bulls

will be coming in only after Budget in Feb2020.