Post Market Summary and Trades Update 23.03.2022

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Post Market Summary:

  1. The Sensex, Nifty, and Nifty Bank all fell 1-2 percent off their highs for the day. The Sensex is down 305 points to 57,685 while the Nifty is down 70 points to 17,246.
  2. The Nifty Bank Index is down 201 points to 36,147, while the Midcap Index is up 160 points to 29,137.
  3. After encountering resistance at the 100-day moving average, the Nifty falls 200 points from its day’s high.
  4. After encountering resistance around the 200-day moving average, the Nifty Bank has dropped roughly 600 points from the day’s high.
  5. FII bought for Rs. 481.33 crore today, while DII sold for Rs. 294.23 crore.
  6. Huge Call Writing seen in 17300, 17400 and 17500 Strikes.
  7. Crude oil is edging closer to 120 dollars, which is bad news for India.
  8. The Nifty Auto and Financial Services sectors both fell 1% today, making them the weakest two sectors of the day.
  9. Metal stocks rise when China shuts down Tangshan, which accounts for 13% of Chinese and 6% of world steel production, as well as the destruction of Europe’s largest steel mill in Mariupol, Ukraine.
  10. From the day’s high, the Nifty Auto, Pharma, Media, and FMCG all fell more than 1%.

Trades Update 23.03.2022

Today I have taken 2 trades in Intraday:

Trade 1:

Sold BANKNIFTY 24th MARCH 36400 CE for Rs. 348 at 11:10 AM.

I bought the above 36400 CE for Rs. 268 at 12:42 Pm

Date: 23-03-2022

I made a profit of Rs. 2005 in this trade.

Trade 2:

Again I Sold BANKNIFTY 24th MARCH 36400 CE for Rs. 320 at 01:30 PM.

I bought the above 36400 CE for Rs. 239 at 01:48 Pm

Date: 23-03-2022

I made a profit of Rs. 2018 in this trade.

Today Total Profit/Loss (23-03-2022):

Date: 23-03-2022

At the end of today trades, the total profit is Rs. 4022/-

My Old Positional Trades(Update):

Trade 1:

I sold the NIFTY DEC 2022 17500 CE for Rs. 1050 and the NIFTY DEC 2022 17500 PE for Rs. 1295.

This straddle was taken about 15-20 days ago.

Date: 23-03-2022 (P/L)

Today, it has an MTM loss of Rs. 5497.

This trade shows MTM profit on some days and MTM loss on some days.

MTM profit/loss is not the actual P/L.

This trade has a 15155 to 19845 breakeven point. Take a look at the images below.

I don’t have to be concerned till the Nifty is in this range.

I don’t keep track of this trade on a daily basis. This is a long-term investment for me.

This trade, I am convinced, will yield some good returns in the following 1-2 months.

Hope you enjoyed the artilce.

Disclaimer: This article and trades shared here are for educational purposes only and should not be considered as financial advice or a recommendation of any kind. I am not advising any trading or investment ideas.
Therefore, I, don't bear any responsibility for any trading losses you might incur as a result of using this learning/data/indicators/charting platform. One is free to choose whether or not to follow the learnings, and create a position in the market at his/her own risk. 
Index market trading involves considerable risk and can result from the loss of your invested capital.
Always consult a Sebi Registered financial advisor and do your research before trading or investing in any market!
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