#Nifty Trade Update

03/08/23, Tuesday.

+790/- profit at the end if the day.

Portfolio up by 1.9%

Balance = 41476/-

Price opened gap down, went quickly to touch the daily open in the first 30 minutes, and continued its dowanward trend.

I started adding 19600 CALL option from 1 1:05 PM near the price @39, 38, 37, 36 up to 35.5.

Price continued to go down till 2:15 as we have learnt in the past week. So I had decided to wait upto 2:30 PM to hold my CALL option. I would have closed my position if price didn’t go up. But from 2:30 Price started to go uo and gave a little short squeeze.

I closed all position by 2:40 PM and ended with 790/- profit in all.

**Lesson learnt:**

I should have waited at least till 2 PM to add the long as market generally reverse after 2:15 PM. That’s what I have learnt from the last week but I still started adding long from 1 PM and had to wait till 2 PM and held the position in loss, the highest open loss was 700/- at 2 PM.

So better to wait till 2:15 PM and then add the position.

Closing the day here.

Thanks.

Will see tomorrow.

Images 👇:

(1) Order statement

(2) Nifty Chart