Niftymetals: September 20, 2019

Friday, September 20, 2019

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‏ @sonaliranade

The total revenue foregone by Govt over last week is 1.45 lac crores in tax reliefs to corporates announced now + 50,0000 crore is export credits given away earlier.  So in all, about 1.95 lac crores of revenue has been given away by @nsitharaman - about 1% of GDP.

Clap...Clap...Clap....     

What Changed ?

RBI gave 1.75 lakh cr

Passed on to Corporate 1.50 lakh cr....

What we common people will get..... petrol price may be increased by 3 Rs..... enjoy....

Four Jokers

Standing in a park....and discussing...

Index today

Index

No short....for the day...

Today Lesson

Today lesson..

Morning level suggested Index No short....

My morning post

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Index

No short....for the day...

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In the meantime, we tried reversal trade in 10800 put option entered at 54 and exited at 39...with 15 point loss....(based on support)...

Once s/l has been taken out.... we entered the call option 1st trade and encahsed 60 points....then again 11400 call entered at 47 and exited at 76...

Finally ended with Plus..not trapped...

Lesson : Go with the wind.....market is superior....