Post Market Summary and Trades Update 05.05.2022

Post Market Summary:

  1. The market fails to hold its gap-up opening and closes near the day’s low.
  2. Financials drag market with Nifty Bank slipping 700 points from highs.
  3. The Sensex falls 864 points from its highs to finish 33 points higher at 55,702.
  4. IT supports market, Commodity stocks have had a mixed day. 
  5. Banks and FMCG companies are among the top nifty losers.
  6. The rupee finishes strong at 76.26/$, compared to the previous day’s close of 76.41/$.
  7. FII sold for Rs. 2074.748 crore today and DII bought for Rs. 2229.31 crore.

Trades Update 05.05.2022

Today, I closed my position with a profit of Rs. 3685.

Yesterday’s MTM loss was Rs. 9914, so I made some adjustments, and the Vix calmed down this morning, bringing the positions into profit.

I expected the positions to profit until Friday or Monday, but due to the Vix’s sharp downturn, the positions profited today.

Whenever I make adjustment I exit, the trade as they come in profit or book minimum loss.

As a result, I followed my criteria and made a profit of Rs. 3685.

The idea is that when you are in profit, you should enjoy it, and when the trades go against you, you should exit with a small loss or profit.

So I booked around Rs. 11,854 yesterday and Rs. 3685 today.

So the total profit for the two days is Rs. 15,539.

Date: 05-05-2022

There are currently no open positions.

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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