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22/06/2022 - Post Market Discussion

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Opening MTM = 20k.

Closing MTM = 11k.


  • Yesterday night SGX indicated a gap up of half a percent, but today morning it was down by half a percent. BN opening only half a percent down, but the gap sustained, an in no time our positions were in danger.

  • We had PE short at 33000 and 32800, the market was rushing towards 32800. As a proactive measure, we immediately shifter 25lots of PE at 32800 to 32700.

  • PE OI was added hugely, and there was a threat for further falling, so we shifted our 25lots CE from 33300 to 33100, and also added fresh 10lots CE at 33000.

  • This adjustment costed us in an very uncomfortable position where no matter wherever the market went, our MTM was going negative. But still we trusted OI and held our position.

  • After we entered, the market started rising with consolidation, and soon it crossed 33k. However, since CE OI didn't drop, we held on to our position. 

  • MTM went from +20k to 0 to -10k.  At 11AM, BN took resistance at day's open, and started to fall. At around 11.10, MTM was back to 14-15k. So, we exited all our positions, as it was in a very uncomfortable place and also the reward was not worth the risk.

  • The market was completely range bound today, it was a bit frustrating having left around 5-10k opportunity cost on the table. But, okay it all happens, that's how we should manage our risk.

  • We didn't add any fresh positions until 3. At 3, we took 25lots of 32500-33300 IC with hedges 200pts apart. Holding it for expiry tomorrow.

BANK NIFTY JUN FUT 5 MIN CHART


BANK NIFTY 5MIN CHART






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