Update - 4 February 2019

  • I stayed away for first half.

  • At cross of days high by Bank Nifty, I took a bull put spread of 26700, 26400 which hit a stoploss on 5 lots.

  • I wasn't convinced of the down move, so when Bank Nifty stabilized at around 26920, I shorted a bull put spread of 26600, 26300.

  • Market bounced by 50 points and I was sure that it will bounce more, I added another 5 lots of 26600, 26300.

  • I hit a stoploss of ₹1600, to cover some of that later I sold a put of 26800 at ₹59.60.

  • We are in a broad uptrend, and in the morning I mentioned that I am looking at bullish movement.

  • I am still holding on to Kotak Bank.

Here are my net positions and order book:

Rohit Katwal

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