Banknifty Weekly Strategy

Synthetic short = Future short..

U will not gain anything, by doing this my dear friend..

Hello Subhadip

This is exactly what the OP is doing

Long Future plus Synthetic Short, and as the markets have turned bearish . . . the strategy is making a small loss of 50 points (with 1 day to go for further adjustments)

My only point was with Short Future plus Synthetic Long, in a bearish market . . . the strategy would be making the similar smallish gain of 50 points or so

That bring us back to my very old question "if we are playing for the direction then why not stick to BNF"

Anyway, as always, open to learn more . . . :thumb:

Happy


Note to OP: Sorry Surya for so many posts on your thread, now will try to stay out so that you can continue your diary

Anyone having some better strategy or some tweaking in this to make profit???

Next Adjustment:

Booked profit in 21100 CE @ Rs. 7
And Sold 23rd MAR 20800 CE @ 116

So, My total booked profit is:
23rd March 21300 CE = 134-26 = +108 Points
March 21200 PE = 201-196 = +5 Points
23rd Mar 21100 CE = 99-7 = +92 Points

Total profit booked till now: 108+5+92 = +205 points

Current Position:
Future Long @ 21288
Short 23 MAR 20800 CE @ 116
Long APR 21000 PE @ 286

I will calculate the entire profit/loss after closing the entire position.

So overall I am in 45 points loss in this week when market is completely against me..

I closed my entire position around 10:07

Future @ 20842
23 MAR 20800 CE @ 42
APR 21000 PE @ 418

Profit/loss:

Future : 21288 - 20842 = -446
23 MAR 20800 CE = 116 - 42 = +74
APR 21000 PE = 418 - 286 = +132
Total from current position = -446 + 74 + 132 = -240 points

Total Profit Booked till now: +205 points

OverAll Profit/loss : -240 + 205 = -35 Points & around 10 points of brokerage

So overall I am in 45 points loss in this week when market is completely against me..

Surya at least you shared your strategy we also learned from it:thumb: ... Keep on posting your strategy