S&P Gains : Asian Markets Mixed : 26 Oct 2013

S&P ended record high of 2013 with solid results from Microsoft and Amazon . Result Estimates so far have risen marginally and below the long term average according to Reuters .Manufacturing slowed down last month may be due to US shutdown .Consumer Confidence also declined and is expected to pickup on holiday season this quarter .

Nifty ended flat this week , possibly die to profit taking . There is strong resistance around 6300 and is moving sideways . Good going on the earnings as of now where companies have reported slight positive results . Lets see on how it goes by next week . Coming up on earnings is PSU ,real estate , metals and infrastructure . The next risk event is RBI policy on Oct 29 , with inflation not under control there is a higher probability that it he will increases repo rates which will disappoint markets . This is one of the reasons that I have taken a Sell Call on Bank Nifty expiring October .

Strategy
No change in Nifty Sell Call for November Series.
Recently taken Bank Nifty Sell Call October Series.
Booked profit on half of my positions on #NzdUSD .

Statistics


Stock / FX
Position
Lots
Margin
Buy
Sell
Profit / Loss
Remarks
Nifty
Sell
1
25000 INR
6100
5900
10000 INR
Closed
Infosys
Sell Put
1
44625 INR
1.9
32.75
3650 INR
Closed
Infosys
Sell Call
1
60375 INR
21.05
51.15
3639 INR
Closed
Tata Motors
Sell Put
1
57400 INR
5
6.65
158 INR
Closed
Tata Motors
Sell Cal
1
51800 INR
1.4
2.25
3488 INR
Closed
EURUSD
Sell
0.1
10 USD
1.35
1.36
10 USD
Closed
GBPAUD
Sell
0.1
10 USD
1.7
1.6756
26.00 USD
Closed
USDCHF
Buy
0.1
10 USD
0.90721
0.9048
2.41 USD
Closed
USDJPY
Buy
0.1
10 USD
98.11
97.9
2.1 USD
Closed
EURGBP
Sell
0.1
10 USD
0.84748
0.8453
2.18 USD
Closed
Nifty Call
Sell
1
23000 INR
 
53
 
Open
NZDUSD
Sell
0.1
10 USD
0.8292
0.83865
4.75 USD
Open
Bank Nifty Call
Sell
1
30000 INR
 
49.5
 
Open

Total P/L October 
FX 14.06 USD
Stocks  
F&O 619 INR

 

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