trade set up for 1st October 2018

Last week Indian market is undergoing a shock therapy. Market again proved that September is a bearish month. Crude price, USD/INR, ASM , mutual fund rationalization contributes this correction. 

For the week, the Sensex erased 614 points, or 1.67 per cent and the Nifty50 213 points, or 1.91 per cent. For Nifty, it was the fifth consecutive week of loss as per ET 

However, reduction in lot size may compensate the impact of ASM.

As a trader my job is search for stocks which meets my criteria. Following stocks met my selection criteria.

1. APOLLOTYRE
2. BATAINDIA
3. BPCL
4. CIPLA
5. GAIL
6. ICICIBANK
7. IOC
8. LT
9. MOTHERSUMI
10. TATAGLOBAL
11. TATASTEEL
12. UPL

As per astrology, tomorrow moon star lord is MARS. Mars in Capricon along with Ketu where MARS is exalted.

At 915, it will be Libra ASC where lord of Libra  Venus is positioned along with Jupiter. After 9:52, ASC will  be Scopio where MARs is ruling. In D9 chart, MARs is in Aries where MARS in ruling.

My view market will be weak initially and post 930 it may bounce back. There might be  a bullish close tomorrow.

I will primarily focus on Cipla , UPL , BPCL and Apollotyre.

I'm planning to take nifty future trade and daily short straddle for BNF.

My trading on 1st October 2018

Stocks

UPL                                      1182
Apollotyre                            (441)
BPCL                                     602
Brokerage & commission    (300)

Total profit from stocks :      1043

BNF

Indian VIX reached 18. Premium of OTM options are high. I chose to  short  deep OTM options in both sides.

Profit from BNF:  1762

Overall profit for 1st October 2805

Total account value as on 1st October 2018  217027