Post Market Summary:
- Financials are dragging the market down, with the Nifty Bank ending at the day’s low.
- FMCG climbs over 1%, extending its five-day advance to over 5%.
- The Sensex has down 435 points to 60,176, while the Nifty has dropped 96 points to 17,957.
- The Nifty Bank Index is down 567 points to 38,068 while the Midcap Index is up 422 points to 31,047.
- Market breadth favours increases due to midcap outperformance.
- Advances are favoured by market breadth, with a 5:2 advance-decline ratio.
- Today, the rupee closes the day stronger versus the US dollar.
- The top index gainers were ADANIPORTS, NTPC, TATAMOTORS, POWERGRID and TATACONSUM.
- The top Nifty50 losers were HDFCBANK, BAJAJFINSV, HDFC, KOTAKBANK and INDUSINDBK.
- FII bought for Rs. 374.89 crore today and DII bought for Rs. 105.42 crore.
Trades Update 05.04.2022
Today I have taken 2 trades in Intraday:
Trade 1 & 2:
SOLD BANKNIFTY 7th APRIL 38300 CE for Rs. 363.85 at 11:00 AM.
I Buy the above 38300 CE for Rs. 488.00 at 01:15 PM
This trade resulted in a loss of Rs. 3,104 for me.
Tuesday is usually stoploss hunting day, and I got caught up in it.
My setup again gave me a bearish view around 2:30 p.m., so I entered again in 38300 trade.
SOLD BANKNIFTY 7th APRIL 38300 CE for Rs. 340.00 at 02:32 PM.
I Buy the above 38300 CE for Rs. 330.00 at 02:34 PM
Because I was busy at work, I exited the trade at 2:32 p.m. by booking Rs. 250.
The prediction was right, and the Banknifty dropped 400 points.
However, my other positional trades are profitable.
Intraday Trades Total Profit/Loss (05-04-2022):
At the end of today intraday trades, the total loss is Rs. 2854/-
My Old Positional Trades(Update):
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 25 days ago.
Today, it has an MTM profit of Rs. 3425.
Sold BANKNIFTY APRIL 38500 STRADDLE on 04-04-2022
SOLD BANKNIFTY APRIL 38500 CE = 855.90
SOLD BANKNIFTY APRIL 38500 PE = 1073.75
Today, it has an MTM profit of Rs. 1478.
Sold BANKNIFTY 13th APRIL 38300 STRADDLE on 04-04-2022
SOLD BANKNIFTY 13th APRIL 38300 CE = 596.20
SOLD BANKNIFTY 13th APRIL 38300 PE = 647.55
Today, it has an MTM profit of Rs. 2194.
Positional Trades Total MTM Profit/Loss (05-04-2022):
Three positional trades are currently active, with an MTM profit of Rs. 7097.
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!