Nifty under pressure : US ISM less than forecast : Home sales increase : 4 Dec 2013
Nifty closed below 6200 as investors were unsure or cautious on taking any bets on the index . Volatility increased towards day close as starting tomorrow there will be lots of news on election outcome this week . Analysts are predicting a 300 point swing either ways . I have taken a buy on Nifty @6214 with a strict stop loss of 6050 on daily close . I will close my position around 6400 in case it swings upwards. I have also closed my Sell Put Nifty 5700 Strike December Series @21.75 in profit . I don't want to focus on the poll results and will only be focusing on the reaction of the results this week .
S&P recovered its fall and is back again @1800 mark on news that services sector grew less than expectations . Sales data on new home buyers increased which shows that housing sector has started to revive last 2 quarters . Analysts are also expecting to have better NFP data this Friday and ADP data confirmed that jobs has been added this November . My $UsdChf buy position was under pressure but now as recovered back and i am expecting the dollar to be stronger post NFP release . I am expecting a drop in equities and long on the dollar starting this month into 2014 .
Strategy
Closed Sell Put Nifty 5700 strike December Series
No Change in Sell Nifty Call December Series
No change in Bank Nifty Sell Calls for December Series.
No change in long $UsdChf position .
No change in short on S&P equity [half]position.
Statistics
S&P recovered its fall and is back again @1800 mark on news that services sector grew less than expectations . Sales data on new home buyers increased which shows that housing sector has started to revive last 2 quarters . Analysts are also expecting to have better NFP data this Friday and ADP data confirmed that jobs has been added this November . My $UsdChf buy position was under pressure but now as recovered back and i am expecting the dollar to be stronger post NFP release . I am expecting a drop in equities and long on the dollar starting this month into 2014 .
Strategy
Closed Sell Put Nifty 5700 strike December Series
No Change in Sell Nifty Call December Series
No change in Bank Nifty Sell Calls for December Series.
No change in long $UsdChf position .
No change in short on S&P equity [half]position.
Statistics
|
Stock / FX
|
Position
|
Lots
|
Margin
|
Buy
|
Sell
|
Profit / Loss
|
Remarks
|
|
Nifty Call
|
Sell
|
1
|
23000 INR
|
|
93
|
|
Open
|
|
Nifty Put
|
Sell
|
1
|
23000 INR
|
22
|
25
|
150 INR
|
Closed
|
|
Bank Nifty Call
|
Sell
|
2
|
60000 INR
|
|
322
|
|
Open
|
|
USDCHF
|
Buy
|
0.1
|
10 USD
|
0.9103
|
|
|
Open
|
|
S&P
|
Short
|
1
|
150 USD
|
|
1807
|
68 USD
|
P Open
|
|
Nifty Future
|
Buy
|
1
|
25000 INR
|
6214
|
|
|
Open
|
|
Total P/L
|
Oct
|
Nov
|
Dec
|
|
Forex
|
14.06 USD
|
114.2 USD
|
62 USD
|
|
Stocks
|
|
|
|
|
F&O
|
619 INR
|
225 INR
|
150 INR
|
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