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Mid MArket Report, March 19, 2014

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March 19, 2014
7 comments
Sponsored by
March 19, 2014
Time: 2 pm

Mid Market Report:

  1. Markets are trading within a range.
  2. Last time when the Nifty tried to breakout, Infosys guidance came and Infosys fell by 8%.
  3. Today again when there was a possibility of breakout, TCS came with guidance andTCS fell by 5% but recovered a little.
  4. As a result, IT indexis down by around 2%.
  5. TCS and ONGC dragging the markets down.
  6. Europe has opened and trading mixed.
  7. US futures are up ahead of Fed announcement.
  8. Nifty future is likely to settle down between 6560 and 6580.


Written By

Options Trader and Trainer

Comments

  1. Unknown19 March 2014 at 15:57

    hello sir, how to select stocks for delta hugging trading.

    ReplyDelete
  2. P R Sundar19 March 2014 at 19:45

    Delta hedging is not about selecting a stock. Select a stock and sell both out of money Put option and Call option. In case if the share goes up, then sell additional put option and if share goes down, then sell additional call option. Selling additional Put or Call option in order to avoid losses is called Delta Hedging.

    ReplyDelete
  3. greatearth19 March 2014 at 21:30

    hello sir, a stock is selected and before selling puts and calls what are factors mainly to watch like supports,resistance etc. pls carify.

    ReplyDelete
    Replies
    1. P R Sundar19 March 2014 at 22:45

      Why the particular stock is selected is clearly explained in the weekly strategies as and when a stock is selected. Once again I am not a technical person, so no support or resistance. I just use fundamental analysis to decide the range. Yet I make lot of money. January, February and March, I have made about Rs 25 Lakhs only in Auro Pharma. Is it not GREAT?

      Delete
    2. Unknown22 March 2014 at 20:57

      Fantastic achievemnt, How much was required for making 25 Lakhs of profit in AuroPharma

      Delete
  4. greatearth20 March 2014 at 20:13

    Really great sir. how much your initial capital?

    ReplyDelete
  5. P R Sundar20 March 2014 at 21:13

    It is difficult to tell as I do not invest only in Auro Pharma. I have position in Nifty, Bank Nifty, Auro Pharma, Axis Bank, Bank of Baroda. Also little positions in LIC Housing and Arvind. It is a mixture, I do not segregate how much invested in what stock. As and when markets keep moving, shuffling, shifting, profit booking and delta hedging keep happening on day to day basis. Overall I am giving 50% to 60% return (per annum) to the investors.

    ReplyDelete

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