July expiry had started with Nifty trading around 9500 and now closing well above 10000 plus levels… Both of these levels has their own significance.
9500 could be Make or break on following grounds,
- Because, there were many doubts / confusion stack-up against successful Implementation of GST
- Because, Q1 Earning Seasons of Financial Year 2017-2018 were about to start and every one wants to know how much Demonetisation and run-up GST has impacted individual company’s performance actually.
- Because, SEBI directives about P-NOTES has unexpectedly supported Bullish undertone.
- Because, Reliance’s Bumper Earning and alluring AGM has made Investors more greedy.
- Lastly, Monsoon, Political Order & Stability, Global market bullishness, also added the required push.
All of above events (market happenings) were unexpected.
And 9500 turn out to be a make levels at last. Whereas, our view was biased towards Short Selling because 9700 was confirmed Resistance and even during June Expiry also we had mostly given Short Sells only.
However, we adjusted ourselves to the new reality of the market as soon as Nifty breached 9700 and started giving only buys thereafter.
Notably Buy in BANKNIFTY at 23970 (Highest point at that time) for even higher levels of 24400, market ultimately exceeded that too…
At the same time, during the July month, even though we were on right side of Market but still there were few disappointments too in the form of Stop-losses, but even then none of paid clients are in net losses.
Disciplined way of Trading is the most important thing:
First – Trade all given positions (provided availability of margin)
Second – Strictly, follow the instructions to exit (case in point TVSMOTOR, UPL, AXISBANK)
Third – Strictly, follow the instructions to enter (case in point BAJAJ-AUTO, TATACHEM, IOC)
Fourth – Stop-Loss is very important, keep Holding until it gets hit (IDEA, APOLLOHOSP, HEXAWARE)
Fifth – No compromise in two way communications in any case. We always welcome client query (especially) during Market hours.
Sixth – Please do wait patiently for our exit message especially while running in Profits. Secondly, Stop-Loss is decided and Informed in advance to limit losses.
Expectation for August Expiry: We could see 10400 levels provided NIFTY holds above 9700. Paid Clients are requested to follow day to day updates.
July write-up completed on 26 July 2017 After market hours.
Read comments for date & time Stamp,
Here comes the Summary,
|1||TVSMOTOR||3 July||553||7 July||553.50||-1000|
|2||UPL||4 July||852||11 July||865||-15600|
|3||SAIL||5 July||59.80||7 July||61.80||24000|
|4||DLF||7 July||203.50||10 July||206||12500|
|5||BALRAMCHIN||10 July||153.50||14 July||159||19250|
|6||IDEA||13 July||87.65||19 July||90.50||19950|
|7||VEDL||13 July||260||17 July||266||21000|
|8||APOLLOHOSP||14 July||1257||24 July||1282||12500|
|9||BHARATFORG||14 July||1135||19 July||1160||15000|
|10||FEDERALBNK||14 July||116.50||17 July||115||-16500|
|11||PNB||18 July||155.60||19 July||159.50||14000|
|12||HEXAWARE||18 July||247||26 July||250.50||10500|
|13||WOCKPHARMA||18 July||625||19 July||643||14400|
|14||COALINDIA||19 July||251||21 July||261||17000|
|15||KTKBANK||19 July||157||24 July||158.50||3000|
|16||IOC||19 July||375||20 July||377||0|
|17||TATACHEM||19 July||628||24 July||617||-17000|
|18||NCC||20 July||92||21 July||89.90||-16800|
|19||BHARATFIN||21 July||788||21 July||771.90||-16100|
|20||TATAMOTORS||21 July||466.50||27 July||453.50||-19500|
|21||AXISBANK||21 July||536||25 July||544||8000|
|22||SAIL||24 July||63||24 July||65||20000|
|23||BATAINDIA||24 July||593||27 July||575||-24200|
|24||CESC||25 July||901||27 July||910||11000|
- PNB & BHARATFORG are open with some Clients.
- Some replacement Calls like (“BAJAJ_AUTO”, “AMARAJABAT”, “SRF”, “STAR”, “ICICIPRUIL”) were given to Individual Client.
4 thoughts on “July Expiry 2017”
Awaiting Execution for BAJAJ-AUTO & JUSTDAIL (Valid until cancelled)
Holding Short Sell positions for Nifty & BankNIFTY with strategy
Selective Plan positions: SAIL, DLF, BALRAMCHIN…
Those who can Trade all or anyone:
~ KTKBANK buy at cmp 157 July Futures level
SL 154, TGT 165+
~ IOC buy at cmp 375 July Futures levels
SL 369, TGT 395
~ TATACHEM buy at cmp 628 July Futures levels
SL 617, TGT 645+
All July Futures SL below & TGT levels
Please do send confirmation if traded.
EXIT IOC JULY FUT AT CMP 377.50
Yesterday, we had closed both buy positions in,
“KTKBANK” at 158.25 levels
“TATACHEM” had hit SL at 617 below levels in given buy positions…
Whereas, KTKBANK was rotated with SAIL July Futures buy, resulted in 20000 Intraday profit per lot basis.
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