Post Market Summary and Trades Update 20.04.2022

Post Market Summary:

1. The Nifty recovers and closes above 17,000, snapping a five-day losing trend.
2. Market closes mostly higher despite volatility, but financials underperform.
3. The Sensex rises 574 points to 57,038 and the Nifty rises 178 points to 17,137.
4. The Nifty Bank index drops 27 points to 36,315 while the midcap index rises 224 points to 30,279.
5. The Sensex has dropped over 4,000 points in the last two weeks, but more than 100 smallcaps have increased by double digits.
6. The rupee finishes strong at 76.21/$, compared to Tuesday’s close of 76.51/$.
7. Risks such as the Russia-Ukraine conflict, soaring inflation, high oil prices, and a rising interest rate environment are causing the market to be volatile.
8. FII sold for Rs. 3009.26 crore today and DII bought for Rs. 2645.82 crore.

Trades Update 20.04.2022

I sold a BANKNIFTY 5th MAY 36300 straddle today.

In addition, I sold Banknifty 21st April 37000 CE to compensate for yesterday’s Buy of 34500 PE.

The last few months have been extremely volatile. Indexes are moving dramatically on both sides.

Such a market is not good for traders.

However, I also learned a lot during this time.

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

Today it has an MTM loss of Rs. 1523.

Trade 2:

Sold BANKNIFTY MAY 37000 STRADDLE on 18-04-2022.

SOLD BANKNIFTY MAY 37000 CE = 1230.00

SOLD BANKNIFTY MAY 37000 PE = 1050.00

Today, it has an MTM profit of Rs. 5,136

Trade 3:

Sold BANKNIFTY 5th May 36300 STRADDLE today.

SOLD BANKNIFTY 5th May 36300 CE = 781.00

SOLD BANKNIFTY 5th May 36300 PE = 600.00

Today, it has an MTM profit of Rs. 1,272.

Trade 4:

Sold  BANKNIFTY 21^st w APRIL 37000 CE for Rs. 65.05

This is taken to compensate for yesterday’s Buy of 34500 PE.

I also believe that tomorrow’s expiry will be below 37000 based on market and global cues.

Today, it has an MTM profit of Rs. 951

Positional Trades Total MTM Profit/Loss (20-04-2022):

Four positional trades are currently active, with an MTM profit of Rs. 5,163.

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!