10 JULY 2010 (FROM THE ANALYST)
NIFTY highly range-bound with POSITIVE BIAS giving too many false entries for our POSITIONAL INDEX trades and then the worst happened, we missed our entry for NIFTY & BANK NF - BUY triggers last week but CNX IT has already given huge returns and looks set for more !!!
In OPTIONS also we had very good week and a "ok" week just like our NIFTY FUTURE & EQUITY CALLS....
There is lot of uncertainty in the market with everyone cautiously BULLISH but current OPTIONS data suggests 5400 has been capped and some correction before 5400 is achieved but we dont speculate, so currently we are sitting on sidelines and waiting for our MECHANICAL ENTRY TRIGGERS.
We also had possibly our worst week in EQUITY last week, again due to range-bound markets. We just could not believe our luck as triggers that were missed by less than one point were achieving targets and SL were getting hit after kissing the entry price. Such things happen but we are not changing anything from our side and hope we will ROCK as always in next week.
EQUITY CALLS PERFORMANCE (upto 09th JULY):
EQUITY CALLS HIGHLIGHTS SO FAR THIS MONTH:
POSITIONAL CALLS: See below
NIFTY OPTION STRATEGY (100% SAFE):
01st JULY 2010
SELL 5100 PE @ 60 (CMP 23); SELL 5200 PE @ 90 (CMP 38)
SELL 5300 CE @ 90 (CMP 115); SELL 5400 CE @ 50 (CMP 58)
TOTAL PREMIUM earned: 290
CMP: 234
TOTAL OPEN GAIN: 56 POINTS
Lets enjoy Nifty'ing !!!!
NIFTY highly range-bound with POSITIVE BIAS giving too many false entries for our POSITIONAL INDEX trades and then the worst happened, we missed our entry for NIFTY & BANK NF - BUY triggers last week but CNX IT has already given huge returns and looks set for more !!!
In OPTIONS also we had very good week and a "ok" week just like our NIFTY FUTURE & EQUITY CALLS....
There is lot of uncertainty in the market with everyone cautiously BULLISH but current OPTIONS data suggests 5400 has been capped and some correction before 5400 is achieved but we dont speculate, so currently we are sitting on sidelines and waiting for our MECHANICAL ENTRY TRIGGERS.
We also had possibly our worst week in EQUITY last week, again due to range-bound markets. We just could not believe our luck as triggers that were missed by less than one point were achieving targets and SL were getting hit after kissing the entry price. Such things happen but we are not changing anything from our side and hope we will ROCK as always in next week.
EQUITY CALLS PERFORMANCE (upto 09th JULY):
- TOTAL PROFITS (per LOT) = MORE THAN 65,000 (Rs. 69,233)
- TOTAL PROFITS (per LAC) = MORE THAN 15,000 (Rs. 18,215)
EQUITY CALLS HIGHLIGHTS SO FAR THIS MONTH:
- 01 JULY: BEST DAY - 4 TARGET & 1 SL (80% Accuracy) GAIN Rs. 29113 per LOT !!!
- 07 JULY: WORST DAY - 10 CALLS ACTIVE - 5 SL HIT 50% accuracy GAIN Rs. 232 per LOT!!
- 07 JULY: WORST DAY - STILL GAIN per LAC: Rs. 363
POSITIONAL CALLS: See below
NIFTY OPTION STRATEGY (100% SAFE):
01st JULY 2010
SELL 5100 PE @ 60 (CMP 23); SELL 5200 PE @ 90 (CMP 38)
SELL 5300 CE @ 90 (CMP 115); SELL 5400 CE @ 50 (CMP 58)
TOTAL PREMIUM earned: 290
CMP: 234
TOTAL OPEN GAIN: 56 POINTS
Lets enjoy Nifty'ing !!!!
