Post Market Summary and Trades Update 18.04.2022

Post Market Summary:

  1. Market breadth favours decline, advance-decline ratio at 2:3
  2. The market is being dragged down by banks and IT, with the Sensex and Nifty closing at roughly one-month lows.
  3. The Sensex has dropped 1,172 points to 57,167, while the Nifty has dropped 302 points to 17,174.
  4. The Nifty Bank Index has dropped 734 points to 36,729, while the Midcap Index has dropped 323 points to 30,474.
  5. Following a four-day holiday, the BSE Sensex opened substantially down at 57,339 and fell to a low of 56,842.
  6. The 10-year bond yield has dropped the most in a single session since February 10; it now stands at 7.15 percent, down from 7.21 percent at the previous close.
  7. The VIX is up about 10% today, its highest day since March 21, although it is facing resistance from the 100-day moving average.
  8. FII sold for Rs. 6387.45 crore today and DII bought for Rs. 3341.96 crore.

Trades Update 18.04.2022

I entered two positional trades today, bringing my total number of active trades to three.

In addition, I booked profit on a buying trade executed on 13-04-2022 as insurance for a BankNifty May expiry straddle.

Taking hedged trades is always a good idea, especially during the long weekend.

Date: 18-04-2022

Trade 1:

Sold BANKNIFTY MAY 38000 STRADDLE on 13-04-2022.

SOLD BANKNIFTY MAY 38000 CE = 1160.00

SOLD BANKNIFTY MAY 38000 PE = 1150.00

Date: 18-04-2022

Today, I exited the weekly options I purchased as insurance on April 13, 2022, with a profit of Rs 1311, while the Straddle is showing a profit of Rs 335.

The total profit is Rs. 1646

Trade 2:

Sold BANKNIFTY MAY 37000 STRADDLE.

SOLD BANKNIFTY MAY 37000 CE = 1230.00

SOLD BANKNIFTY MAY 37000 PE = 1050.00

Date: 18-04-2022

Today, it has an MTM profit of Rs. 2471

Trade 3:

Sold BANKNIFTY APRIL 37000 STRADDLE.

SOLD BANKNIFTY APRIL 37000 CE = 638.15

SOLD BANKNIFTY APRIL 37000 PE = 587.25

Date: 18-04-2022

Today, it has an MTM profit of Rs. 2513

Positional Trades Total MTM Profit/Loss (18-04-2022):

DATE: 18-04-2022

Three positional trades are currently active, with an MTM profit of Rs. 6,631.

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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