NIFTY 8901.85
THESE ARE THE SCREENSHOTS OF NIFTY AND ITC..
LETS SEE THE NIFTY MOVEMENTS CLOSELY.
8919-8835(84)
8835-8941(106)
8941-8751(190)
8751-8930(179)
BEFORE CLOSING AT 8919
AND THE ADJUSTED CLOSING BEING 8901.85
SUCH AN EXTREME VOLATILITY THAT THERE WAS TOTAL 559 POINTS OF MOVEMENT..EVERYONE EXPECTED VOLATILITY TODAY, BUT HARDLY ANYONE EXPECTED THE VOLATILITY WILL BE THIS MUCH..
AND IT IS WORTH MENTIONING THAT THERE WAS VOLUME OF 1 CRORE 15 LAKH VOLUME IN NIFTY MARCH FUTURES AT 12:07, WHICH CALCULATES INTO TRADE WORTH OF 1,15,00,000 * 18,000 =2,07,00,00,00,000( TWENTY THOUSAND SEVEN HUNDRED CRORES)
18000 IS TAKEN AS TODAY'S MARGIN(DELIVERY MARGIN WAS MANDATORY TODAY) AND THE MARGIN IS AMONG THE LOWEST PROVIDED BY BROKERS IN INDIA.
AND TOTAL NIFTY MARCH FUTURE TOTAL VOLUME TODAY IS 2,75,67,500.
COMING BACK TO THE PERFORMANCE OF MY CALLS,
ADVISED TO BOOK PROFITS IN TODAY MORNING DUE TO EXPECTATION OF HIGH VOLATILITY,
NIFTY 8800 MARCH CALL OPTION FROM 180(AVG PRICE) MADE HIGH OF 283, RETURN OF 57% IN JUST 2 DAYS..
NIFTY SPOT FROM 8680 TO 8919,239 POINTS,RETURN 33% IN SAME TIME..
NOW, NEW CALL GIVEN
BUY NIFTY SPOT @8815, STOPLOSS OF 8650..
FUTURES PRICE TO BE CALCULATED ACCORDINGLY...
I DONT GIVE TARGETS BEFOREHAND, SO THAT NO ONE JUMPS INTO THE TRADE...
I WILL TRACK THE PERFORMANCE IN THE COMMENTS SECTION.
Today's volume was double, to that of the average daily volume in Nifty futures, and also, the Singapore market being closed today, it indicates,the whole of India and Singapore trades happened only in India today..
ReplyDeleteAnd there was such a fall,supported by volumes because of the excise duty revision in the budget
ReplyDeleteGiven at 8815, high 8972, closing 8956
ReplyDelete