What I learnt from Market this Week. Aug 7 - 11, 2017

11 Aug 2017. 6.01 PM

Shorted Nifty at the right point 10112 but booked profit earlier. and also Bank Nifty put  booked profit earlier. The 28400 PE went from 47 to  600 not captured the full profit. When I buy that Put I have written to carry the PUT till weekly expiry, but not followed.

In the month view about Nifty and Bank Nifty, I feel PSU banks is going to correct heavily and  look to buy some puts,  but changed the direction in mid week and bought some calls and ended up in loss.  This is really avoidable one. 

I have missed the opportunity to short the market. since I feel this month is going to be cool of month, as said in the monthly view.

I feel this week low is very important for the market, If this low hold for the rest of the month, there is high chance that we will not break this low for the year 2017.

Let us hope for the best.

Yours

Zen Trader.