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--- trade-diary [2018/07/08 17:49]
priya created
+++ trade-diary [2018/08/29 19:54] (current)
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 July 9,2018 - NIFTY is expected to be range bound for the entire week unless it makes a stride. Results that will be coming in the week may make NIFTY move in either of the direction. Hoping to get out of NALCO, in green or atleast with only a minor loss. CESC I plan to buy for unlocking of shareholder value due to demerger planned in the next couple of months. plus it is a profitable company trading at under its BV.
+I had put a buy order for CESC at 925, which did not get fulfilled. US and EU markets were up , so Indian markets also seemed to be in high spirits. NALCO started off positively higher than friday closure and hit high of 62.7 and closed at 62.2, the avg price was at 62.21 in the futures market. Metals were all positive. The sentiment seems to be positive. this could very well be a mistake I might profit from. Still waiting and watching.
+July 10, 2018 - Market was booming and looked unstoppable. Almost all stock were in green. NALCO formed a day high of 6.8 and closed at 63.4. It was continuation of the bullish harmi a three inside up. One  more day of green an I could probably profit from a mistake made.
+July 11, 2018 - The US trade Wars toppled all metals stocks really badly. Most stocks were in REd , however NIFTY managed to hold the 10950 due to stellar results posted and was up by more than 5%. Unceranity returns and so with it. I bought 10 More CESC today at 920/a share/ Have sold 10800 Puts as it has the second highest Cumulative OI as well as the increase in OI as of today at 40. the PE closed at around 36. will cash out after a fall of 10 points.
+July 12,2018 - US Jobs data looked good. So Indian markets are up. NALCO was off to a great start and touched an intra day high of 62.50 but in latter half dropped to red and closed below 61. Its in the oversold category, so expect it to go up a little bit tomo, but to be able to close the call in green seems like a fairy tale wish. Before the next selling pressure continues hope to close this one, slightly in green or atleast less in red..less than 5 digits would be good.
+I closed the 10700PE sold at 40 bought today at 21. 19 *75 = +1425 and two Bank Nifty Option 27300 CE made 9 points. (9.2 - 0.2 = 9*40 = 360) and 27000 PE made 14 points (15 - .5 = 14*40 = 560) Both were Intra day MIS positions as the expiry is of current date. Nifty was sold yesterday and bought back today. Selling options the expiry date with reasonable lee way of expiry levels seems to work well. Infact although BankNifty expired at 26995 (future) and spot at 27026) 27000 PE expired worthless at 0.05. An option holder would not want to exercise an option that gives me only a few points due to high stt levied, this gives a huge advantage for an option seller.
+NALCO is costing much of time, money and mind :(
+July 13, 2017
+I finally closed NALCO at a loss of 30800. NALCO was weak even in a strong market and there was no signs of recovery. Even at low price ranges NALCO was closer to over bought levels which indicate further drop, So closed the position at 59.65 , a loss of 30800. I was happy to not have any positions carried over during the weekend.
+What I could have done better: As the major issue was with the lot size, I should have closed the position when it got to 0 or minor profit levels. I had not planned my entry level and as a result entered the Future contract at a price much higher than the prev. day closure almost as high as it ever got. So my entry was wrong and I had not utilised exit at 0 loss well. But it is still good that I recognised the weakness and exited on friday as it closed wmuch below than my exit on friday and even closer on monday and reached new lows.
+July 16, 2017 - Tata Motors was downgraded by Moodys due to their high debt level of JLR. N.C issued statements non of which could have allied any panic. As the stock was already weak I supposed it would grow weaker and lose much more on monday. I was reluctant to take any positions that are not hedged in F&0 till Iget a better understanding of risk. SO I deployed a Bear Put spread by buying 250 PE at 3.75 and selling 240 PE at 1.75. I have limited my loss to 3K which is well within my tolerance levels. Tata Motors has closed at 252.10 spot and 253.10 Future. My net unrealised pft in the position is 1.2K. The OI has jumped and I beleive it would go down tomo as well. Although the stock has fallen 6+ points since i took my position, my profit is lower. But I feel less restless than I do when I had an open position in Future, where I am hoping to get the max of a winning position causing anxiety even in smaller movements. Seems like a fair price to pay as of now.
+I had also though due to lacklustre results Infy too will drop. I had avoided taking positions due to higher volatality premium. However, INFY was one of the few stocks that went up today. MArket had a PUT- CALL Parity of over 1.7 on friday, which indicated extreme bullishness (over 1.3 on an index) , but most Puts have been unwinded and lots of new call written on 11000 CE.
+July 17,2018 - Tata Motors shot up today and I had to close the PUT at a loss of 750. Since this is not a trending market, it would be better If I close all the positions in the same day and not carry it forward.
+July 18,2018 - No trades made today. But Tata Motors dropped heavily, which meant if I had kept the PUT I could have made money. Unsure when to be impatient and when to be patient.
+July 19,2018 - Had a lot of issues with placing bracket order in Banknifty in Zerodha due to some exchange wide restriction. so tried to manually mange, so sell order in mkt went beyond estimated. I have to learn how to get around this issue plus the terminologies of stop loss trigger price etc. I did prev strategy for a range bound market and made little profit, however the same when contract went up again bombed as it continued to go beyond its bbollinger band, waited for  bounce back and walked out with a minor loss. The contract on the side I lost out by nnot putting a market order. This is too volatile to my liking. I probably have to stick to swing and time value of /oom options for a while. MACD for index future also seems to work. Should Backtest and check for atleast 3 to 4 months. Also understand supertrend and get the checklist of Karthik outhere.
+July 23,2018 - Nifty closed at 11080. I sold a NIFTY at 11200 at 12 when Nifty was at 11050. Nifty highest calls were at 11100 but it was trading at 35, I felt the risk reward was not favorable so wrote 11200 at 12. Although Nifty has closed very positively at 11080, HDFC and few other heavy weights are down. Nifty is trading slightly above Bollinger band on the 15min candle. I believe tomorrow it will go down and stay within the range it had been trading at for a while. However option chain seems to have had a very high unwinding at 11000 and 11100 call nad put writing at 11000. So it may not go down much or not go down at 11. My stop loss will be 24. also based on other parameters of the candle. Hope to hold it to expiry. Expect selling pressure to resume at any new highs. also Nifty is at a overbought position of 90.68 in the stochastic.
+July 24,2018 - Nifty closes at 11130. Still dont think it will cross 11200, which is currently trading at 17.50. So keeping the position open. World i neutral , Indian market seems upbeat. My MACD cross over stocks, LIC Housing finance and IOCL are doing great. Hoping to book short term profits and then reenter.
+July 27,2018
+I have bought avanti Feeds for long term due to the below reason. stock is trading 12.93 PE with a ROE of over 50% Company has no debt and increased promoter stake during the recent price correction. The prices had formed a double bottom and bounced back. Looked like a good place to enter fundamentally and technically.
+three trades were done based on MACD cross over with increasing volumes. Target and stop loss was arrived at based on resistance levels and support. JK cements seemed to have potentitial for 20% while the other two 10%
+JK Cements - closing price on cross over was at 797. Bought at 798 Target - 853 - 860. Stop loss - 763
+IRB - closing price on cross over day at 201. Bought at 203.5 Target - 224 Stop loss - 187
+Tata power - Closing price on cross over - 70.8 bought at 71.5 Target - 77.2 stop loss - 67.8
+JK cements was closed at stop loss. Other two positions are still hovering between stop loss and targets ..!!
+Aug 16,2018
+A Pair trade opportunity of Tata Motors and Tata Motors DVR was deducted due to a wide divergence between the two stock futures. Although the divergence widened post my purchase, this is only the second time in 250 + data points it has diverged so much. it will converge back , hopefully in a week closer to 1 SD. Will be tracking it to closure. Stop loss = 3 SD
+Aug 21, 2018
+After Diverging last couple of days to DC of 1.00 the stocks have started converging.. My notional loss reduced from 12+ to 3+. There was a short covering rally in dvr and for today there was gap of almost 1% btw the two stock in movt. Mean convergence should happen soon.
+Aug 23, Pair trade in green today. movd towards 2 SD. Will wait for it to move to 1 SD and close. probably tomo or monday. remind me to send Karthik a gift :)
+Aug 24 - choppy day. was green at +1350 at closure. Awaiting mean reversion.
+Aug 28 - Yesterday it was in green upto 3500, today in red upto 5K+, closed in red of about 3K. Tata Motors DVR is just not moving up !!
+Aug 29 - Diverged still closed in red about 4K+. Will wait till post lunch and roll over the contract.

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