Options Trading Report | 22 March 2019 | Update 14

OPTIONS TRADING REPORT | 22 MARCH 2019 | MARKET SUMMARY


It was another range-bound trading session with a negative bias today. Both NIFTY and BNF saw profit booking and ended the trading session with a loss of 64 and 249 points.

11400 and 11445 remains to be strong support for NIFTY and as long as it does not break this levels with huge volume, any pullback can be used as as opportunity to initiate Buy position.

As for BNF, 29530 and 29430 is the support levels in the near term. If these levels breakdown accompanied with volume, we will probably see BNF heading towards its major support at levels at 28897.

It will be prudent to avoid trading the Index for now and focus on Individual scripts.

OPTIONS TRADING REPORT | POSITIONS | IDEAS


Today, I have initiated a few positions in my Options Portfolio. I have added 2 Lots ofINFY 750CE looking at the momentum strength and INR movement.

The next script added in my Option Portfolio is HEROMOTOCO 2600PE. This script continues to show weakness and at almost at its 52 week low.

I expect the weakness to continue in the coming week also. The probability of making new 52 Week lows is high in this script now.

I continue holding to CIPLA 530PE as there is no sign of the trend or the weakness going down soon.

These are my current 3 positions and I intend to hold them till expiry i.e. 28 March 2019. Let us wait and watch to see whether the market trend obliges in our favor or not. I do not have any plans to add any more positions for this month.

OPTIONS TRADING REPORT 22 MARCH 2019 | UPDATE 14


OPEN POSITIONS


options trading report 22 march open positions
Click on Image for a larger view

CLOSED POSITIONS


Click on Image for a larger view

Realized Profits: INR (+) 160582.50/-

Unrealized Profits: INR (+) 4120/-


DISCLAIMER: The Options Trading Report above is about my personal trades and intended for general Information and Educational purposes only. It is not a Buy/Sell recommendation. Please use your own risk management techniques. Any loss incurred from following my personal trades will solely be at your own risk.