Day Trading Stocks & Futures

Riskyman

Well-Known Member
Food for thought : 11 out of Nifty 50 stocks are from the financial sector. That makes 20% by numbers.
40% of nifty weightage is due to banking/financial stocks.
Bank Nifty has corrected about 12% from the top.
Nifty has corrected less than 7%.

IT/Pharma holding up the Index. TCS one of the biggest support lender thus far. I wonder how long they will hide money in TCS.
 

Riskyman

Well-Known Member
Man this is the stuff of legend except in a bad way. Looking at the way things have unfolded its been a scary proposition just to think of it now.
Yes indeed Afin. There are many such sad stories. However, Moral of the story is very simple. Every thing goes around in circles. What goes around will come around someday.
Do good, be good. Live happily.
 

sanju005ind

Investor, Option Writer
Perfect day for becoming an 'Options Writer'. Second trial successful with decent result. Will try the same next time with double quantity.

Needless to say, premiums are abnormally high. No point in buying options for today. Complete paradise for option writers.
Nice to have profit but why get out of straddle so soon. Theta decay will be fast now and your breakevens are 500 points either side.. Ofcourse your strategy you understand.
 
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