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July Expiry 2017

Greetings !

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,

  1. Because, there were many doubts / confusion stack-up against successful Implementation of GST
  2. 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.
  3. Because, SEBI directives about P-NOTES has unexpectedly supported Bullish undertone.
  4. Because, Reliance’s Bumper Earning and alluring AGM has made Investors more greedy.
  5. 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.

 

Happy Trading!

Team Rocket

 

July write-up completed on 26 July 2017 After market hours.

Read comments for date & time Stamp,

Here comes the Summary,

Date Price Date Price
SL Particular Entry Exit Amount
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

 

Remarks:

  • 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

  1. Awaiting Execution for BAJAJ-AUTO & JUSTDAIL (Valid until cancelled)

    Holding Short Sell positions for Nifty & BankNIFTY with strategy

    Selective Plan positions: SAIL, DLF, BALRAMCHIN…

  2. 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.

    1. 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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