Loss of ₹25,000/- for 2 April - 9 April 2020

For 2nd week of April 2020, I made a loss of ₹25,000/-.

These are the positions I was holding.

1. #AXISBANK & #INFY - I am still holding as I dont believe this to be a genuine bounce but a short covering.

2. #INDUSINDBK - I sold a put of strike 300 @ ₹30/- collecting extra ₹12,000/- in premium. I am willing to buy 400 shares if it is exercised. max Profit potential has risen to now ₹62000 by eom or a moderate profit of ₹35,000/- from this trade.

3. #BANKNIFTY strangle went into an immediate loss after opening as market again opened high. At one point my weekly loss reached ₹70,000/- when I decided to get active in Bank Nifty intraday trading. From there I reduced my loss to ₹25,000/-.

Trades were updated in the Journal yesterday itself.

These are the open positions right now:

Rohit Katwal

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