S&P at new high : Nifty finds support at 6000 : 17 Nov 2013


US markets closed in green this week with S&P making a new high . Equities elsewhere also closed positive on Fed indicated that they will continue to support unless they see a robust recovery . We have got stopped out of S&P position with a loss . I will be looking to sell again for a close below 1777 . We are approaching end of 2013 and we will have lot of action near last days of the year . Since we have lost a good amount of money on our short S&P trade I have reduced my lost size to .08 lost from  .1 lot and maximum of 2 open positions .
Nifty made a smart recovery on Thursday and looks like we have got a strong support at 6000 levels . We could see a new high on the Nifty going ahead but for me I just cannot digest the fact that markets continue to trend higher in spite of all the bad news going out there . Markets will take cues from RBI policy , election results and Fed tapering . Inflation continued to climb at 8 month high and showing no signs of taking a breather .

Strategy
No change in Bank Nifty Sell Calls for December Series.
No change in buy $UsdJpy - half position.
No change in buy $EurUsd position.

Statistics

Stock / FX
Position
Lots
Margin
Buy
Sell
Profit / Loss
Remarks
Nifty Call
Sell
1
23000 INR
2.7
53
2400 INR
Closed
NZDUSD
Sell
0.1
10 USD
0.8292
0.83865
8.48 USD
Closed
Bank Nifty Call
Sell
1
30000 INR
 
53
4600 INR
Closed
USDCHF
Buy
0.1
10 USD
0.8979
0.9107
6.4 USD
Closed
Bank Nifty Call
Sell
2
60000 INR
 50
215
8250 INR
Closed
CADJPY
Buy
0.1
10 USD
94.25
93.85
2 USD
Closed
USDCAD
Sell
0.1
10 USD
1.048
1.0405
7.5 USD
Closed
USDJPY
Sell
0.1
10 USD
99.21
98.1
11.2 USD
Closed
S&P
Short
1
150 USD
1785
1763
100  USD
Closed
USDCAD
Buy
0.1
10 USD
1.048
1.04686
2.8 USD
Open
USDJPY
Buy
0.1
10 USD
99.21
99.91
 
Open
GBPUSD
Sell
0.1
10 USD
1.5891
1.59771
6.4 USD
Closed
Bank Nifty Call
Sell
1
30000 INR
 50
234
 
Open
EURUSD
Buy
0.1
10 USD
1.34627
 
 
Open


Total P/L
Oct
Nov
Forex
14.06 USD
102.22 USD
Stocks
 
 
F&O
619 INR
6050 INR

Happy Trading



 

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