Budget day trade

Took Short straddle in Nifty weekly expiry

Trade 1: Took Short straddle in Nifty
weekly expiry 1 lot (75 quantity)
1. Nifty spot is at 13730
2. So selected strike price is 13700 for straddle
3. combined premium credited is 231.10+199.25 = 430.35
4. Exited after FM started speech in parliament (may be after
15mts of speech) at 237+174.90 = 411.9
5. Total points in nifty captured is 18.45 * 75(lot size)
Trade2:
• FM completed speech at 12:45 – 12:50 and suddenly marks started
upside movement.
• So I thought of taking long straddle
• As banknifty moves more than nifty (because of one sector) I took
trade in bank nifty
Mistakes
Took trade little late at 1:11 pm
• Took trade little late at 1:11 pm
1. Took long straddle 32400 weekly at 466.45+522 = 988.45
2. After taking trade almost for 1 hour market went into sideways
3. There I made a mistake of setting a exit limit order for one of the leg
(32400ce)
4. As once move came up side , my 32400ce exited from trade and
32400pe went into losses , As soon as I saw 4000 loss I exited the trade
Trade 3:
• Once I made conclution that market is going upside , I want to create
positional trade up side by buying ATM call and selling OTM call
• But due to insufficient margin only buy order executed but sell order
rejected .

• So I immediately exited the call option (here as it is trending and intraday I

may use SL and should continued the trade)
Trade 4
• I have re initiated the same positional trade again
Have lost good opportunity