First Day
This is the day 1 of trading. Today is second december and it is the expiry for options today. So, let's see what is my thought process today. I have been having this feeling that the market is really not going anywhere for quite some time, probably an year. It has been trading in a range. So let's evaluate that assumption today. Here is the one year chart of NIFTY. One year NIFTY Chart Looking at a one year chart, the NIFTY does look range bound. It is a large range though. If we look at last one month chart, it is much more of a narrow range. One month NIFTY Chart In last one month, the NIFTY has traded in a range of ± 2%. I would call it a non-directional as of now. Since this is the first trade, I have started with an amount of ₹ 1,00,000/-. I am betting that this market will remain range bound over next 2-3 weeks. So the plan is to have a Iron Condor spread and try to book profit within next 2-3 weeks. As part of this trading experience, I am looking at a returns ...