Nifty Flat : S&P rises : US job growth weakest in 3 years

Nifty was flat rather range bound. It opened strong and continued till 6240 until it found resistance and came down to close near open . Infosys results started the Q3 earnings season with some good growth , it has raised  forecast for year 2014 on US and Europe revival . Other news which came up was that RBI has eased restrictions on Gold lending because of which some NBFC stocks rose . There was a big disappointment in industrial output as it dropped due to decline in consumption activity .Coming up next week is Inflation numbers and earnings report from Bajaj Auto , TCS , HDFC , Reliance , Wipro and Axis Bank . I am still holding short Nifty Future even though it came dangerously close to my stop loss .
S&P closed on a high note in spite of bad employment numbers ,  Employers hired fewest workers in December lowest in 3 years which now remains a challenge to Fed gradual tapering . There was also a decline in average workweek , most of the analysts thought it may have happened due to holiday season and bad weather .Another report suggested China is the top trading nation as it witnessed sharp increase in imports and exports surpassing US . Dollar suffered as all my FX positions are in negative , I still remain to stick to it as I believe dollar will come back stronger  over the next few days .
Strategy
Closed  Sell Nifty Jan Series.
Closed Sell Bank Nifty Jan series.
Opened Sell Call Sun Pharma 640 @4
No change in long $UsdChf .
No change in half short $GbpUsd position.
No change in half short S&P.
No change in short $NzdUsd.
No change in short  Nifty Future Jan Series.
Statistics

Stock / FX
Position
Lots
Margin
Buy
Sell
Profit / Loss 
Remarks
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
6375
6230
7500 INR
Closed
GbpUsd
Sell
0.1
10 USD
 
1.6337
 
P Open
Nifty Call
Sell
2
46000 INR
4
72
3350 INR
Closed
NzdUsd
Sell
0.1
10 USD
 
0.8186
 
Open
Bank Nifty Call
Sell
1
25000 INR
25
154
6250 INR
Closed
Nifty Future
Sell
1
25000 INR
6375
6230
 
Open
Sun Pharma
Sell
1
35000 INR
 
4
 
Open


Total P/L
Oct
Nov
Dec
Jan
Forex
14.06 USD
114.2 USD
62 USD
 
Stocks
 
 
 
 
F&O
619 INR
225 INR
12450 INR
2100 INR



Comments

Post a Comment

Popular posts from this blog

Crypto Currencies: Is it worth investing

Bitcoin , Etherum ....so on..are the buzzwords in today's economy  ..We here many rag to riches  stories on how they have become millionaires in short time ..Now do we join the bandwagon ..is it the correct value of these coins and what lies ahead . Some short info on what do they mean and how it started Its a digital asset to work as a medium of exchange to secure transactions and create additional unit of currency . Bitcoin was the first currency in 2009 ..after that many were created which are also called altcoins . Their legal status still remains a question as it varies from country to country and in some countries its used as a barter system also . Retail investors have jumped in to the bubble ..hoping that they will be rich soon ..but a word of caution ..even i am not sure on how will it be going forward .. Some points to think be fore you invest . 1. Its not regulated ..i meant there is no regulatory system ..like we have central bank in each country which decide on the cu
Read more

S&P bullish : Nifty slides : RBI Policy Ahead

S&P currently trading 2532 as i write this post , Its being bullish for long with no signs of tiring off , global stocks overall are on a ride for the past 2-3 months and still going strong . Nifty touched 10000 mark before sliding down , I am still bullish India but needs a pullback to go long . I will be scanning specific stocks as well so that i stay invested in the short term . Macroeconomic indicators are not favorable in the current scenario , we need to watch for RBI delivers tomorrow. With demonetization and GST the economy is still not stabilized at the moment and may take some time  to be on track  Watching Sun Pharma at the moment to enter into a buy position Not doing anything on the Index as of now : into sidelines Gold is a good buy at the moment and i am going long at 1271 , if you have noticed commodities overall are firming up and they will give you good returns over the period of time Nothing on the currency markets , i am scanning through and I may take some sho
Read more

Markets Quiet , Awaiting APPLE product event

Big Day for Apple , all waiting their product event today . Are you long APPLE stock ...we could see lot of volatility here . As a trader we dont trade the news but rely on charts over a longer time frame . Keep your trades small over months and weeks and see your profit grow ...rather than trades which are bigger over a shorter time frame . Markets quiet overall , nothing actually moving . i could see some bearishness against the dollar but still optimistic in 2016 -2017 . traders speculating a weak dollar going forward in case FED does not hike rates in December and see sluggishness in manufacturing , employment and home sales Commodities slightly picking up and could see a major moves in 2016 . I am already long Gold and will continue to add positions in case i see a pullback in weekly and daily time frames. Overall global economy slowly picking up in 2017 with US will be the first one to be chugging ahead among all countries . Product innovation is the key with importance agri bas
Read more