Good market Down Day

Intraday Profit + Missed Opportunity to close position

• Initially I had decided to close position today & take new straddle with partial hedging pivoted around 18500.
• Current position is pivoted around 18300.
• Opening was good & market went down well which is an excellent outcome for me.
• From losing position of -6000 Started the day with profit around +3000.
• Then market moved down to give +4800 at one point of time.
• I had some errant to run, by the time i returned market had gone up slightly from 18500 to 18550.
• Closed with +3620 MTM Profit

Intraday Bank Nifty +1037 Profit

• Intraday profit in BN +1,037.
• I bought it at 237 & averaged on 225. It went up to 454 🤯.
• I sold it at 251.8 at profit +1,037 🙂.
• If I held it profit would have been +10,000. 😔

Before Opening

After Closing

Executed Order

Expectation

• Tomorrow hopefully no gap up.
• I want to close position at right time & take new position for either 8th or 15th June pivoted on 18500.
• Worst case is if it goes back to 18650.