Profit for June first week

Market was very volatile due to election, and the result was against the exit poll. however, I was able to make profit of 1.15L with 5L capital

  • I had taken long position for June 06th 2024.
  • Booked profit of 1.15L
  • I was holding the position from last 3 weeks.
  • I was expecting more profit up to 1.8L, but due to the election results market was very volatile.
  • This profit was made with the capital of 5L.

Nifty 22600 PE-06-June-2024

Profit

Booked 1.1L profit this,16th May 2024. 22300 PE.

    • Following my analysis, I purchased 22,300 PE contracts at a strike price of 295, expiring on May 16th, 2024.
      • After entering the position, the market unexpectedly moved in the opposite direction the next day, attributed to profit booking.
      • However, I remained faithful to my analysis and opted to wait another day.
      • As time passed and the market trend shifted positively, my losses gradually transformed into gains.
      • Today’s profits mark one of the most lucrative outcomes in my trading history.
      • The Nifty index turned positive today, aligning with my target range.
      • Thanks to this development, I was able to secure substantial profits.

    Profit, for one week

    Proft for the week 26 April 202 to 2 May 2024

    • Nevertheless, I stayed committed to my analysis and chose to exercise patience for another day.
    • With the passage of time and a shift in market sentiment towards the positive, my losses slowly evolved into gains.
    • Today’s profits represent one of the most rewarding results I’ve experienced in my trading journey.
    • The Nifty index exhibited a positive turn today, falling within my anticipated range.
    • This favorable development enabled me to secure significant profits.